Myakka Ranch Community Development District
12051 Corporate Blvd., Orlando, FL 32817
Phone: 407-723-5900, Fax: 407-723-5901
http://myakkaranchcdd.com/

The following is the proposed agenda for the upcoming Meeting of the Board of Supervisors for the Myakka Ranch Community Development District ("District"}, scheduled to be held at 11:00 a.m. on Tuesday, May 14, 2019 at the office of  AM  Engineering:  8340 Consumer Court, Sarasota,  FL 34240. A quorum will be confirmed prior to the start of the meeting.

Call in number: 1-866-398-2885
Board of Supervisors Meeting Business Matters
Call to Order
Roll Call
Public Comment Period
Swearing in Newly Elected Board Members

Participant Code: 275521 #

Letter from Supervisor of Elections - Sarasota County
Consideration of the Minutes of the July 10, 2018 Board of Supervisors' Meeting
Consideration of the Minutes of the July 10, 2018 Auditor Selection Committee Meeting
Consideration of the Minutes of the November 13, 2018 Landowners' Election
Consideration of Resolution 2019-01, Certifying Results of the Landowners' Election
Ratification of District Management and Assessment Consultant Agreement
Ratification of Financial Advisory Agreement
Consideration of Resolution 2019-02, Designating District Manager, Assessment Consultant and Financial Advisor
Consideration of ADA Auditing Services
Consideration of Resolution 2019-03, Approving a Preliminary Budget for Fiscal Year 2020 and Setting a Public Hearing Date [suggested date of August 13, 2019]
Ratification of Fiscal Year 2018 Audit Engagement Letter
Review and Acceptance of Fiscal Year 2018 Audit
Ratification of Funding Request Nos. 119 - 129
Statement of District's Financial Position

Other Business
Staff Reports
Attorney
Engineer
Manager

Audience Comments and Supervisors Requests
Adjournment

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MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Oath of Office

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT
BOARD OF SUPERVISORS
OATH OF OFFICE

I,	__	, A CITIZEN OF THE STATE OF FLORIDA AND OF THE UNITED STATES OF AMERICA, AND BEING EMPLOYED BY OR AN OFFICER OF MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT AND A RECIPIENT OF PUBLIC FUNDS AS SUCH EMPLOYEE OR OFFICER, DO HEREBY SOLEMNLY SWEAR OR AFFIRM THAT I WILL SUPPORT THE CONSTITUTION OF THE UNITED STATES AND OF THE STATE OF FLORIDA.

Board Supervisor

ACKNOWLEDGMENT OF OATH BEING TAKEN

STATE OF FLORIDA COUNTY OF SARASOTA
The foregoing oath was administered before me this  	day of	__, 20I 9, by
 	, who personally appeared before me, and is ( ) personally known to me or has produced _ 	as identification, and is the person described in and who took the aforementioned oath as a Member of the Board of Supervisors of Myakka Ranch Community Development District and acknowledged to and before me that he/she took said oath for the purposes therein expressed.

(NOTARY SEAL)

Notary Public, State of Florida
Print Name: 		_

Commission No.:

___ Expires: _ 	

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Letter from Supervisors of Elections
-	Sarasota County

Ron Turner
Supervisor of Elections Sarasota County, Florida

April 17, 2019

Lynne Mullins
Assistant District Manager PFM Group Consulting, LLC 12051 Corporate Blvd
Orlando, FL 32817
Subject:	Qualified Electors for Myakka Ranch COD Dear Lynne:
Per your written request, I have calculated the qualified registered electors in the
Myakka Ranch Community Development District as of April 15, 2019.
I show no registered voters residing within the development at this time. Sincerely,

Supervisor of Elections Sarasota County, Florida
RT/alp

101 S Washington Blvd, Sarasota FL 34236-6993 • PO Box 4194, Sarasota FL 34230-4194 Phone 941-861-8600 • Fax 941-861-8609 • www.SarasotaVotes.com

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Minutes of the July 10, 2018 Board of Supervisors' Meeting

MINUTES OF MEETING
MYAKKA RANCH
COMMUNITY DEVELOPMENT DISTRICT
Board of Supervisors Meeting Tuesday, July 10, 2018
The Office of AM Engineering, 8340 Consumer Court,
Sarasota, FL 34240
11:02 A.M.

Present and constituting a quorum:

Jen Orsi Deborah Orsi Michelle Orsi
Also present were:

Jennifer Walden Lynne Mullins Wes Haber

FIRST ORDER OF BUSINESS

Board Member Board Member Board Member

Fishkind & Associates, Inc. Fishkind & Associates, Inc. Hopping Green & Sams (via phone)

Business Matters

Call to Order and Roll Call
Ms. Walden called to order the meeting of the Board of Supervisors of the Myakka Ranch Community Development District and proceeded with roll call. Jen Orsi, Deborah Orsi, and Michelle Orsi were present, constituting a quorum. Others in attendance are outlined above.
Public Comment Period
Ms. Walden noted there were no members of the public at this time.
Swearing in Julie Vitale
Ms. Walden noted that Ms. Vitale is not present and will be administered the Oath of Office at another time.

Consideration of the Minutes of the April 10, 2018 Board of Supervisors' Meeting
The Board reviewed the minutes from the April 10, 2018 Board of Supervisors' Meeting.

On MOTION by Ms. J. Orsi, seconded by Ms. M. Orsi, with all in favor, the Board approved the minutes of the April 10, 2018 Board of Supervisors' Meeting.

Consideration of the Minutes of the April 10, 2018 Auditor Selection Committee Meeting
The Board reviewed the minutes from the April 10, 2018 Auditor Selection Committee Meeting.

On MOTION by Ms. J. Orsi, seconded by Ms. M. Orsi, with all in favor, the Board approved the minutes of the April 10, 2018 Auditor Selection Committee Meeting.

Letter from Supervisor of Elections - Sarasota County
Ms. Walden explained that the District is required to state on the record each year how many qualified registered electors are living in the District. She noted that the letter states that there are currently zero registered voters. There is no action required by the Board.
Consideration of Resolution 2018-02, Setting a Date, Time, and Location of Landowners' Election

Ms. Walden stated that the entire Board will not need to meet at this time but a representative of the Landowner or a Proxyholder must be present to vote along with someone from the District Manager's Office. Ms. Walden suggested November 13, 2018 at 11:00 a.m. at this location as the date of the Landowners' Election.

On MOTION by Ms. J. Orsi, seconded by Ms. M. Orsi, with all in favor, the Board approved Resolution 2018-02, Setting November 13, 2018 at 11:00 a.m. at The Office of AM Engineering, 8340 Consumer Court, Sarasota, FL 34240 for the Landowners' Election.

Consideration of Resolution 2018-03, Election of Officers

Ms. Walden explained that the current slate of officers is as follows; Ms. J. Orsi as Chair, Ms. M. Orsi as Vice-Chair, Ms. Burns as Secretary, Ms. Buck, Ms. D. Orsi, Ms. Vitale, and Mr. Maclaren as Assistant Secretaries, Ms. Burns as Treasurer, and Ms. Glasgow as Assistant Treasurer. Ms. Walden explained that Ms. Burns and Mr. Maclaren are no longer employees of Fishkind & Associates so she recommended that everything remain the same but update the slate to include herself, Ms. Walden, as Secretary in place of Ms. Burns, Ms. Mullins as Assistant Secretary in place of Mr. Maclaren, and Ms. Lane as Treasurer in place of Ms. Burns. Ms. J. Orsi asked to switch Ms. Buck as Vice-Chair and name Ms. M. Orsi as Assistant Secretary. Ms. Walden requested a motion to approve Resolution 2018-03, as amended.

On MOTION by Ms. J Orsi, seconded by Ms. M Orsi, with all in favor, the Board approved Resolution 2018-03, Election of Officers to reflect the following: Ms. Jennifer Orsi as Chair, Ms. Patricia Buck as Vice-Chair, Ms. Jennifer Walden as Secretary, Ms. Michelle Orsi, Ms. Deborah Orsi, Ms. Julie Vitale and Ms. Lynne Mullins as Assistant Secretaries, Ms. Amanda
Lane as Treasurer, and Ms. Jennifer Glasgow as Assistant Treasurer.

Consideration of Resolution 2018-04, Approving an Annual Meeting Schedule for Fiscal Year 2018-2019
Ms. Walden explained that this Board typically only meets twice per year so District staff recommends a quarterly schedule. She noted that it can be changed to a monthly schedule if the Board prefers. Ms. J. Orsi stated that she would like to change it back to a monthly schedule. Ms. Walden noted that the meetings can be  cancelled  if they do  not  need to be  held.  She asked the
Board if they would like  to  meet on the 2nd  Tuesday of each month at 11:00 a.m.  at  this location.
The Board agreed. Ms. Walden noted that she will amend the exhibit to reflect the new schedule before it gets added to the resolution.

On MOTION by Ms. J. Orsi, seconded by Ms. M. Orsi, with all in favor, the Board approved Resolution 2018-04, as amended to meet on the 2nd Tuesday of each month at 11 :00 a.m. at The Office of AM Engineering, 8340 Consumer Court, Sarasota, FL 34240.

Public Hearing on the Adoption of the District's Annual Budget
Public Comments and Testimony
Board Comments
Consideration of Resolution 2018-05, Adopting the Fiscal Year 2019 Budget and Appropriating Funds

Ms. Walden noted that the budget was sent to the County at least 60 days prior to the public hearing date as required and the public hearing has been advertised in the newspaper. Ms. Walden requested a motion to open the public hearing.

On MOTION by Ms. J. Orsi, seconded by Ms. M. Orsi, with all in favor, the Board opened the Public Hearing.

Ms. Walden explained that the budget is attached to the resolution behind Tab 8 in the agenda package. The budget total is $36,000.00 and is the same as what the Board approved back in April. She called for comments and questions. Hearing none, she requested a motion to close the public hearing.

On MOTION by Ms. J. Orsi, seconded by Ms. M. Orsi, with all in favor, the Board closed the Public Hearing.

3

Ms. Walden requested a motion to approve Resolution 2018-05, Adopting the Fiscal Year 2019 Budget and Appropriating Funds.

On MOTION by Ms. J. Orsi, seconded by Ms. M. Orsi, with all in favor, the Board approved Resolution 2018-05, Adopting the Fiscal Year 2019 Budget and Appropriating Funds.

Consideration of Fiscal Year 2019 Budget Funding Agreement

Ms. Walden explained that she spoke to District Counsel earlier in the week and realized that the Board had actually approved a two-year funding agreement previously and she was looking for it but the District Manager's Office never received back an executed copy. She checked with the accountant and Lake Park Estates, LLC is providing the funding, however, the District does not have a fully executed contract in the District records. The District Manager will reach back out to get that executed contract. No action is required on this item today.
Mr. Haber stated that the fact that Lake Park Estates, LLC is performing is a good thing and hopefully they will provide the District the executed copy. He noted that to the extent that District staff runs into any issues in connection with trying to get that executed copy, staff will  let  the Board know and if there is any Board action that staff  thinks would be appropriate it can be done in a subsequent meeting.

Review of Auditor Selection Committee Rankings & Selection of Auditor

Ms. Walden explained that the recommended rankings from the Auditor Selection Committee are behind Tab 10 of the agenda package. The Auditor Selection Committee recommended ranking Grau as No. 1 and Carr, Riggs & Ingram as No. 2. She noted  that the  Board can choose to  accept those rankings and if so District staff will move forward and reach out to Grau to get an executed contract.

On MOTION by Ms. J. Orsi, seconded by Ms. M. Orsi, with all in favor, the Board accepted the Recommended Rankings of the Auditor Selection Committee with ranking Grau as No. 1 and Carr, Riggs & Ingram as No. 2.

Review and Acceptance of Fiscal Year 2017 Audit
Mr. Haber stated that the original audit that he reviewed identified that  the  Board was comprised of the Developer so he had the Auditor change that to evidence the distinction between the Mortgage Holder and the Developer. He believes his comments were incorporated and he has nothing further to add. Ms. Walden confirmed that his comments were incorporated. Ms. Walden noted that this is a standard and clean audit and there were no deficiencies  in internal controls  that would be considered material weaknesses. Ms. Walden requested a motion to accept the Fiscal Year 2017 Audit.

4

On MOTION by Ms. J. Orsi, seconded by Ms. M. Orsi, with all in favor, the Board accepted the Fiscal Year 2017 Aud t.

Ratification	of	Funding	Requests Nos. 114 - 118
The Board reviewed Funding Request Nos. 114 - 118. These have already been approved and funded.

On MOTION by Ms. J. Orsi, seconded by Ms. M. Orsi, with all in favor, the Board ratified Funding Requests Nos. 114 - 118.

Statement	of	District	Financial Position

The Board reviewed the District financial statements. Ms. Walden noted that through the end of May the total expenses are just over $16,000.00 vs. a budget of $23,000.00. So, the District is under budget by approximately $7,000.00. There is no action that is required by the Board.

SECOND ORDER OF BUSINESS	Other Business Staff Reports

Attorney­ Engineer­ Manager -

No Report Not Present
Ms. Walden noted that the next meeting will be held on October 9, 2018 which is the first meeting of the new fiscal year. Ms. Walden stated that if there is nothing to address the meeting will be cancelled. She will send out the calendar invite which will show the Board meetings occurring monthly for the next fiscal year.

THIRD ORDER OF BUSINESS

Audience	Comments Supervisors Requests

and

There were no audience comments or Supervisor requests.

FOURTH ORDER OF BUSINESS	Adjournment
Ms. Walden asked if there was any other business. Hearing none, she requested a motion to adjourn.

5

On MOTION by Ms. J. Orsi, seconded by Ms. M. Orsi, with all in favor, the July 10, 2018 meeting of the Board of Supervisors of the Myakka Ranch Community Development District was adjourned.

Secretary/Assistant Secretary	ChairNice-Chair

6

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Minutes of the July 10, 2018 Auditor Selection Committee Meeting

MINUTES OF MEETING

MYAKKA RANCH
COMMUNITY DEVELOPMENT DISTRICT
Auditor Selection Committee Meeting Tuesday, July 10, 2018
The Office of AM Engineering, 8340 Consumer Court,
Sarasota, FL 34240
11:00 A.M.

Present and constituting a quorum: Jen Orsi
Deborah Orsi Michelle Orsi
Also present were:

Jennifer Walden Lynne Mullins Wes Haber

FIRST ORDER OF BUSINESS

Committee Member Committee Member Committee Member

Fishkind & Associates, Inc. Fishkind & Associates, Inc. Hopping Green & Sams (via phone)

Business Matters

Call to Order and Roll Call

Ms. Walden called to order the meeting of the Auditor Selection Committee of the Myakka Ranch Community Development District and proceeded with roll call. Jen Orsi, Michelle Orsi, and Deborah Orsi were present, constituting a quorum. Others in attendance are outlined above.
Public Comment Period

Ms. Walden noted there were no members of the public at this time.

Review	of	Auditing Proposals
Proposer Grau
Proposer CRI

Ms. Walden explained that her firm has worked with both of the proposers.

Services

Ranking	of	Auditing	Services Proposals

Ms. Walden explained that based on the evaluation criteria the proposed rankings are as follows:
Grau
CRI

Ms. Walden explained that the biggest difference was in price and a calculation was done to arrive at the numbers included. She mentioned that Grau is the District's current Auditor.

On MOTION by Ms. J. Orsi, seco nded by Ms. M. Orsi, with all in favor, the committee accepted the Recommended Ranking of Grau as number 1 and CRI as number 2.

SECOND ORDER OF BUSINESS	Adjournment
Ms. Walden asked if there was any other business. Hearing none she requested a motion to adjourn.

On MOTION by Ms. J. Orsi, seconded by Ms. M. Orsi, with all in favor, the July 10, 2018 Auditor Selection Committee meeting of the Myakka Ranch Community Development District was adjourned.

Secretary/Assistant Secretary	ChairNi ce-Chair

2

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Minutes of the November 1 3, 201 8 Landowners' Election

MINUTES OF MEETING
MYAKKA RANCH
COMMUNITY DEVELOPMENT DISTRICT
Landowners' Election Tuesday, November 13, 2018 The Office of AM Engineering, 8340 Consumer Court,
Sarasota, FL 34240
11:00 A.M.

Present:

Jennifer Orsi Vivian Carvalho Wes Haber Lynne Mullins

Proxyholder
Fishkind & Associates, Inc. Hopping Green & Sams Fishkind & Associates, Inc.

(via phone) (via phone)

FIRST ORDER OF BUSINESS

The meeting was called to order at 11:08 a.m.

SECOND ORDER OF BUSINESS

Call to Order and Roll Call

Appointment of Meeting Chairman

Ms. Carvalho was appointed chair of the Landowners' meeting.

Identification of Landowners and/or Landowner's
Proxy Holder(s)

Jennifer Orsi is an authorized representative of the Landowner. She will be voting on behalf of Lake Park Estates, LLC. She is authorized to cast up to 1,001 votes.

Call for Nominations, Election of Supervisors

Ms. Carvalho stated that up for reelection are Seat 1, currently held by Patricia Buck, Seat 2 currently held by Deborah Orsi, and Seat 4, currently held by Julie Vitale. Ms. Orsi nominated Patricia Buck for Seat 1, Deborah Orsi for Seat 2, and Julie Vitale for Seat 4.

The votes were cast as follows:

Patricia Buck received 1,001 votes. Deborah Orsi received 1,001 votes. Julie Vitale received 800 votes.

Thus, Patricia Buck and Deborah Orsi will each serve 4-year terms and Julie Vitale will serve a 2- year term.

THIRD ORDER OF BUSINESS	Adjournment

The Landowners' Election was adjourned.

Secretary I Assistant Secretary	Chairperson / Vice Chairperson

2

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Resolution 201 9-01 ,
Certifying Results of the Landowners' Election

RESOLUTION 2019-01
A RESOLUTION CANVASSING AND CERTIFYING THE RESULTS OF THE LANDOWNERS' ELECTION OF SUPERVISORS OF THE MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT HELD PURSUANT TO SECTION 190.006(2), FLORIDA STATUTES

WHEREAS, following proper publication of notice thereof, such landowners meeting was held November 13, 2018 at which the below recited persons were duly elected by virtue of the votes cast in their respective favor; and

WHEREAS, this Resolution canvasses the votes and declares and certifies the results of said election;

NOW, THEREFORE, BE IT RESOLVED BY THE LANDOWNERS AND BOARD OF SUPERVISORS OF THE MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT;
The following persons are found, certified, and declared to have been duly elected as Supervisors of and for the District, having been elected by the votes cast in their favor as shown, to with:

Patricia Buck Deborah Orsi Julie Vitale

Seat 1
Seat 2
Seat 4

Votes 1,001
Votes 1,001
Votes 800

In accordance with said statute, and by virtue of the number of votes cast for the respective Supervisors, they are declared to have been elected for the following terms of office:

Patricia Buck Deborah Orsi Julie Vitale

(4) Year Term
(4) Year Term
(2) Year Term

Said terms of office shall commence immediately upon the adoption of this Resolution
PASSED AND ADOPTED THIS 14th DAY OF MAY, 2019.

ATTEST:

Secretary/Assistant Secretary

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Chairman/Vice Chairman

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

District Management and Assessment Consultant Agreement

DISTRICT MANAGEMENT AND ASSESSMENT CONSULTANT AGREEMENT
This District Management Agreement (this "Agreement"), made and entered into this 26th day of February, 2019 (the "Effective Date") by and between Myakka Ranch Community Development District ("DISTRICT") and Fishkind & Associates, Inc. (hereinafter called the "MANAGER") sets forth the tenns and conditions under which MANAGER shall provide services.
WHEREAS, the DISTRICT desires to obtain the services of a MANAGER to provide District Management Services; and
WHEREAS, MANAGER is capable of providing the necessary services.
NOW, THEREFORE, in consideration of the above mentioned premises and intending to be legally bound hereby, the DISTRICT and MANAGER agree as follows:
SCOPE OF SERVICES
MANAGER shall provide District Management Services as set forth in Exhibit A to this Agreement. Any material changes in or additions to the scope of services described in Exhibit A shall be promptly reflected in a written supplement or amendment to this Agreement. Services provided by MANAGER which are not specifically referenced in the scope of services set forth in Exhibit A ofthis Agreement shall be completed as agreed in writingin advance between the DISTRICT and MANAGER. Upon request of DISTRICT, MANAGER or an affiliate of MANAGER may agree to additional services to be provided by MANAGER or an affiliate of MANAGER, by a separate agreement between the DISTRICT and MANAGER or its respective affiliate.
WORK SCHEDULE
The services of MANAGER are to commence as soon as practicable after the execution of this Agreement and a request by the DISTRICT for such service.
COMPENSATION
For the services provided under this Agreement, MANAGER's professional fees shall be paid as provided in Exhibit B to this Agreement and DISTRICT shall pay expenses and fees for other services not set forth in Exhibit A as provided below.
Reimbursable Expenses
In addition to fees for services, MANAGER will be reimbursed for necessary, reasonable, and documented out-of-pocket expenses incurred, including travel, meals, lodging, telephone, mail, and other ordinary cost and any actual extraordinary cost for graphics, printing, data processing and computer time which are incurred by MANAGER only as authorized by the DISTRICT's approved budget. Documentation of such expenses will be provided to the DISTRICT upon request.
Rev. .12.3.2018	1

Other Servjces
Any services which are not included in the scope ofservices set forth in Exhlbit A ofthis Agreement will be subject to separate, mutually acceptable fee strnctures.
TERM AND TER\1.J   INATION
This Agreement shall be effective from the Effective Date and shall continue until terminated by either paiiy as provided herein. The DISTRICT has the right to terminate this Agreement for "good cause" which shall include misfeasance, malfeasance, nonfeasance or dereliction of duties by the MANAGER whlch, in each case, the MANAGER fails to cure withln 10 days of notice thereof.  Termination for "good cause" shall be effected immediately byprovisionofwritten notice to MANAGER. Either party hereto shall have the right to terminate this Agreement, at any time and for any reason whatsoever, upon (i) the DISTRICT providing to the MANAGER a minimum of thirty (30) days advance written notice of its intention to terminate or (ii) the MANAGER providing to the DISTRICT a minimum ofsixty (60) days advance written notice ofits intention to terminate. All notices shall be mailed to the person and address specified for use in the giving ofnotice, in paragraph 10, hereof. Should the relationship be terminated, MANAGER will be paid for all services performed and costs and expenses incurred up to the termination date.
ASSIGNMENT
Neither party may assign this Agreement or its rights or obligations hereunder without the prior written consent ofthe other; provided, however, that MANAGER may, upon notice to the DISTRICT, assign MANAGER's rights and obligations under this Agreement to any subsidiary or affiliate of MANAGER or a successor of MANAGER in connection with the sale of all or substantially all ofMANAGER's assets. Subject tothe foregoing, this Agreement shall bebinding onthe parties hereto and their respective successors and assigns.
OWNERSHIP OF INFORMATION, REPORTS, AND DATA
All information, data, reports, and records in the possession ofthe DISTRICT or any third paiiy necessary for can-ying out any services to be performed under this Agreement ("Data") shall be furnished to MANAGER and the DISTRICT shall, and shall cause its agent(s) to, cooperate with MANAGER in its conduct ofreasonable due diligence in performing the services, including with respect to the facts that are necessary in its reconm1endation(s) to the DISTRICT in connection with a transaction or financial product and/or relevant to a DISTRICT's determination whether to proceed with a course of action. To the extent DISTRICT requests that MANAGER provide advice with regard to any recommendation madeby a third patty, DISTRICT will provide to MANAGER written direction to do so as well as any Data it has received from such third party relating to its recommendation. DISTRICT acknowledges and agrees that while MANAGER is relying on the Data in connection with its provision of the services under this Agreement, MANAGER makes no representation with respect to and shall not be responsible for the accuracy or completeness of such Data.
NOTICES

� .1U�8	2

All noticesgivenunderthis Agreement shall be inwriting, sent by registered United States mail, with return receipt requested, addressed to the party for whom it is intended, at the designated below. The parties designate the following as the respective places for giving notice, to-wit:
DISTRICT:
Myakka Ranch Community Development District 12051 Co1porate Boulevard
Orlando, Florida 32801 Attention: District Manager
With A Copy To:
Hopping Green & Sams, PA 119 S. Monroe Street, Suite 300 Tallahassee, Florida 32301 Attention: Wes Haber
MANAGER:

Fishkind & Associates, Inc. 12051 Co1potate Boulevard
Orlando, FL 32801
Attention: Hank Fishkind, President

TITLE TRANSFER

All materials, except functioning or dynamic financial models, prepared by MANAGER pursuant exclusively to this Agreement shall be the property of the DISTRICT. Subject to the foregoing exception, upon termination of this Agreement, at DISTRICT's reasonable request no later than three (3) years after the termination ofthis Agreement MANAGER shall deliver to the DISTRICT copies of any and all materials or documents prepared, kept or maintained in accordance with this Agreement.
MANAGER'S REPRESENTATIVES
Assignment ofNamed Individuals
The professional employees of MANAGER set fo1th below will provide the services set fo1ih in this Agreement; provided that MANAGER may, from time to time, supplement or otherwise amend theteam members set fo1ih below.

.

Jennifer Walden Ly1rne Mullins

Rev. .12.3 2018	3

Changes in Staff Requested by the DISTRICT
The DISTRICThasthe right to request, for any reason,MANAGERto replace any member ofthe MANAGER staff. Should the DISTRICT make such a request, MANAGER shall promptly suggest a substitute for approval by the DISTRICT.

INSURANCE
MANAGER shall maintain insurance coverage with policy limits not less than as slated in Exhibit C.

XIII.	GENERAL PROVISIONS
MANAGER Not to Participate as Underwriter
The MANAGER is precluded from being an underWiiter of any debt obligations issued by the DISTRICT and shall not market or otherwise be responsible for the initial offering ofthe issuance ofany ofthe DISTRICT's debt obligations.
Limitation ofLiability
Except to the extent caused by will ful misconduct, bad faith, gross negligence or reckless disregard of obligations or duties under this Agreement on the part of MANAGER or any ofits associated persons, neither MANAGER nor any of its associated persons shall have liability to any person for (i) any act or omission in connection with the performance of its services hereunder, (ii) any error ofjudgment or mistake oflaw, or (iii) any loss arising out ofor any financial orother damages resulting from DISTRICT's election to act or not to act, as the case may be, contrary to or, absent negligence on the prut of MANAGER or any of its associated persons, upon any advice or recommendation provided by MANAGER to DISTRICT.
DisclaimerofMANAGER
The DISTRICT acknowledges that the MANAGER is not an attorney and may not render legal advice or opinions. Although the MANAGER may participate in accumulating information necessary for docwnents required by the DISTRICT to finalize any pa1ticular financing, such information shall be verified by the DISTRICT as to its conectness; provided, however, that the DISTRICT shall not be required to verify the correctness of any information originated by the MANAGER or the c01Tectness of any information originated by the MANAGER which the MANAGER has used to formulate its opinions and advice given to the DISTRICT.
Attorney Fees and Governing Law
MANAGER and the DISTRICT agree that, should a disagreement arise as to the terms or enforcement of any provision ofthis Agreement, each party will in good faith attempt to resolve said disagreement prior to pursuing other action. This Agreement shall be construed, enforced, and administered in accordance with the laws ofthe State of Florida. In the event either party is required to take any action to enforce this Agreement, the substantially prevailing party shall be
Ile,. .12.32018	4

entitled to attorney's fees and costs, including fees and costs incurred in determining entitlement to and reasonableness of such fees and costs.

Time ofthe Essence
The DISTRICT and the MANAGER agree that time is of the essence and that the services of the MANAGER shall be performed expeditiously.
Entire Agreement
This Agreement represents the entire agreement between DISTRICT and MANAGER for District Management Services contemplated hereby and supersedes all prior agreements, contracts, arrangements, or communications between the parties with respect to the subject matter addressed herein, whether oral or written. This Agreement may not be amended ormodifiedexceptin writing signed by both parties. For the sake of clarity, any separate agreement between DISTRICT and MANAGER or any affiliate of MANAGER shall not in any way be deemed an amendment or modification of this Agreement. The invalidity in whole or in pait of any provision of this Agreement shall not void or affect the validity ofany other provision.

Authority to Execute and Counterparts
Each party to this Agreement represents, warrants, and covenants to the other that the person or persons signing this Agreement on behalf ofsuch party is authorized and empowered to sign and deliver this Agreement for such patty, that such party has the lawful authority to enter into this relationship, and that the governing or managing body ofeach party has approved this relationship and has similarly authorized the execution ofthis Agreement. This Agreement may be signed in any number of counterparts, each of which shall be an original and all of which when taken together shall constitute one and the same document.
Public Records Disclosure
MANAGER understands and agrees that all documents of any kind provided to the DISTRICT in connection with this Agreement may be public records, and, accordingly, MANAGER agrees to comply with all applicable provisions of Florida law in handling such records, including but not limited to Section 1 19.0701, Florida Statutes. Consultant acknowledges that the designated public records custodian forthe DISTRJCT is Fishkind & Associates, Inc. ("Public Records Custodian"). Among other requirements and to the extent applicable by law, the MANAGER shall I) keep and maintain public records required by the DISTRICT to perform the service; 2) upon request by the Public Records Custodian, provide the DISTRICT with the requested public records or allow the records to be inspected or copied within a  reasonable  time  period at  a cost that  does not exceed the cost provided in Chapter 119, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public  records  disclosure  requirements,  are  not  disclosed  except as authorized by law for the duration of the Agreement term and following the Agreement tenn  if the MANAGER does not transfer the records to the Public  Records  Custodian ofthe DISTRICT; and 4) upon completion ofthe Agreement, transferto the DISTRJCT,  at no cost, all  public records in MANAGER's possession or, alternatively, keep, maintain and meet all applicable  requirements for retaining public records pursuant to Florida laws. When  such public records are transferred  by the MANAGER, the MANAGER shall destroy any duplicate public records that are exempt or

Rev. 12 32018	5

confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the DISTRICT in a format that is compatible with Microsoft Word or Adobe PDF formats.
Independent Contractor
MANAGER, its employees, officers and representatives at all times shall be independent contractors and shall not be deemed to be employees, agents, partners, servants and/or joint venturers ofDISTRICT by virtue ofthis Agreement or any actions orservices rendered under this Agreement. Nothing in this Agreement is intended or shall be construed to give any person, other than the Parties hereto, theirsuccessors and permittedassigns, any legal or equitablerights, remedy or claim under or in respect of this Agreement or any provisions contained herein. In no event will MANAGER be liable for any act or omission of any third party or for any circumstances beyond MANAGER's reasonable control including, but not limited to, fire, flood, or other natural disaster, war, riot, strike, act of terrorism, act of civil or military authority, software and/or equipment failure, computer virus, or failure or interrnption ofelectrical, telecommunications or other utility services.

In witness whereof, the parties hereto have executed this Agreement, in duplicate, as ofthe Effective Date above written.

Board of Supervisors:

Myakkn Ranch C�muni�velop· ment District
Sig11 �(
Ptint Name  J!VtI1JfeV"Q(S-, .
Fishldnd & Associntes, Inc.

Hank Fishkind, Ph.D., President

Rev. .12.32018	6

EXHIBIT A
SCOPE OF SERVICES

General Management Services
General Consultation, Meetings, and DISTRICT Representation
The Manager shall organize the DISTRICT meetings. This includes, but is not limited to, providing the agenda and Board packages, scheduling, notification, publication and related matters. The service to be provided shall also include, but not be limited to planning, scheduling, production and quality control, coordination, and administration of various professional service elements.
The manager shall prepare and submit to the DISTRICT's Board ofSupervisors a proposed annual budget and administer the adopted budget ofthe DISTRICT.
As the DISTRICT's Manager, we will consult with the DISTRICT Board of Supervisors and its designated representatives, and when necessary, pa1ticipate in such meetings, discussions, project site visits, workshops, and hearings as may pettain to the administration, accomplishment and fulfillment ofthe professional services with regard to the projects and general interest of the DISTRICT.
The Manager shall consult with and advise the DlSTRICT on matters related to the operation and maintenance ofthe DISTRJCT and assist the DISTRICT to ensure compliance with all statutes and applicable law affecting the DISTRJCT. The Manager will maintain the DISTRICT's website in compliance with applicable law and ensure an e-mail system is in place whichprovides a separate "CDD e-mail address" for all Board members with an archiving system which will allow the Manager to respond to public records requests and maintain e-mails in compliance with applicable records retention law.
Accounting Services
The Manager shall define and implement an integrated management reporting system which will allow the DISTRICT to represent fairly and with full disclosure the financial position ofthe DISTRICT. Monthly financial statements will be provided in addition to a year-end audited financial statement to be prepared by a ce1tified public accounting firm selected by the DISTRICT. These services will be coordinated with the DISTRICT's auditors to assure a smooth and efficient audit ofthe DISTRICT's books.

Minutes and Records
The Manager shall define and implement a system of record management for the DISTRICT, including a concise and accurate record of the official actions of the Board of Supervisors and any appointed hoards or committees, and shall oversee the maintenance and disclosure ofDISTRICT's records pursuant to Florida law.

Re,·. .12 3 2018	7

Annual Assessments. Lien Book Maintenance and Dissemination Agent
The Manager will maintain the tax roll for the DISTRICT and coordinate and report to the Tax Assessor and Tax Collector for the jurisdiction in which the DISTRICT exists.
The Manager will administer the DISTRICT's assessment methodology during platting and maintain the DISTRICT's lien book and release ofliens at closings.
The Manager will provide continuing disclosure filing coordination and assistance for DISTRICT debt issues on EMMA as required by the MSRB and other regulatory agencies.

Assessment Consulting Services
The Manager shall formulate the DISTRICT's special assessment methodology or similar security for debt issuance in consultation with the DISTRlCT's counsel, consulting engineer, bond counsel, and other consultants and professionals, including the preparation of an assessment methodology report.

Rev. .123.2018	8

EXHIBIT B COMPENSATION FOR SERVICES

The table below outlines the minimum management fees. The fees depend upon the type of district, the website selected, and the number of debt issues outstanding for the DISTRICT. Fees are reviewed and adjusted annually pursuantto the DISTRICT's budget process. Our fees include the provision of the services described in Exhibit A, as well as the reimbursable expenses set forth in Section III(l).

Type of District	Management		
Inactive	$1 0,000		
Developer Control	$40,000		
Resident Control	$60,000		
Website	Set Up	Annual	
Minimum	$2,000	$900	
Standard	$3,000	$2,500	
Deluxe	$5,000	$5,000	
Lien Book, Tax Roll, and	Amount		
Base Fee	$5,000		
Fee per debt issue	$7,500		
Assessment Methodology Preparation and Assessment Consulting Services		Fee to be negotiated per debt issuance	

Fee

Continuing Disclosure Services

Rev. .12.3.2018	9

EXHIBIT C INSURANCE

MANAGER shall provide and maintain the following levels of insurance coverage at all times subsequent to the execution ofthis Agreement:
Worker 's Compensation insurance to cover full liability under worker's compensation laws in effect in Florida.
General Liability insurance with limit of one million dollars ($1,000,000.00) per each occurrence.
Professional Liability insurance with limit of one million dollars ($1 ,000,000.00) per each occurrence. Claims-made policies shall have at least a three-year repo1iing period.
Employment Practices Liability insurance with limit of two million dollars ($2,000,000.00) per each occun-ence.
Commercial Crime insurance with limit of two million dollars ($2,000,000.00) per each occunence.
Comprehensive Automobile Liability insurance for all hired and non-owned vehicles used by the Consultant's staffwith a combined single limit ofone million dollars ($1 ,000,000.00).
The DISTRICT (and its staff, consultants, and supervisors as applicable) willbe listed as additional insureds on the General Liability and Automobile insurance policies described above. The DISTRICT (and its staff, consultants, and supervisors as applicable) will be listed as a joint loss payee on the Commercial Crime insurance. None of the policies above may be canceled during the te1m of this Agreement (or otherwise cause the DISTRICT to not be named as an additional insured or joint loss payee where applicable) without sixty (60) days written notice to the DISTRICT. MANAGER will furnish the DISTRICT with a Certificate ofInsurance evidencing compliance with this section prior to Agreement commencement and upon request.

Rev. .12 3 2018	10

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Financial Advisory Agreement

FINANCIAL ADVISORY AGREEMENT

This agreement ("Agreement"), made and entered into this 26th day ofFebruary, 2019, (the "Effective Date") by and between Myakka Ranch Community Development District("DISTRICT") and Fishkind & Associates, Inc. (hereinafter called "FA"), sets forth the terms and conditions under which FA shall provide services.
WHEREAS, the DISTRICT desiresto obtainthe services ofa financial advisor to develop and assist in implementing the DISTRICT's strategies to meet its current and long-tenn operations, financial obligations, capital financing needs and render assistance in respect to debt transactions; and

WHEREAS, FA is capable ofproviding the necessary financial advisory services.
NOW, THEREFORE, in consideration ofthe above mentioned premises and intending to be legally bound hereby, DISTRICT and FA agree as follows:
SCOPE OF SERVICES
FA shall provide, upon request of the DISTRICT, services related to financial planning, budget and strategic advice and planning, policy development and services related to debt issuance, as applicable and set forth in Exhibit A to this Agreement. DISTRICT acknowledges and agrees that most tasks requested by DISTRICT will not require all services provided for in Exhibit A and as such the specific scope of services for such task shall be limited to just those services required to complete the task. Any material changes in or additions to the scope of services described in Exhibit A shall be promptly reflected in a written supplement or amendment to this Agreement. Services provided by FA which are not specifically referenced in the scope ofservices set forth in Exhibit A of this Agreement shall be completed as agreed in writing in advance between the DISTRICT and FA.
WORK SCHEDULE
The services of FA are to commence as soon as practicable after the execution of this Agreement and a request by the DISTRICT for such service.
REGISTERED MUNICIPAL ADVISOR; REQUIRED DISCLOSURES
FA is a registered municipal advisor with the Securities and Exchange Commission (the "SEC") and the Municipal Securities Rulemaking Board (the "MSRB"), pursuant to the Securities Exchange Act of 1934 Rule l SBal-2. If DISTRICT has designated FA as its independent registered municipal advisor ("IRMA") for purposes ofSEC Rule 15Bal-l (d)(3)(vi) (the "IRMA exemption"), then services provided pursuant to such designation shall be the services described in Exhibit A hereto, subject to any limitations provided herein. fA shall not be responsible for, or have any liability in connection with, verifying that FA is independent from any other paity seeking to rely on the IRMA exemption (as such independent status is required pursuant to the IRMA exemption, as interpreted from time to time by the SEC). DISTRICT acknowledges and agrees that any reference to FA, its personnel and its role as IRMA, including in the written

representation of DISTRICT required under SEC Rule 15Bal-l (d)(3)(vi)(B) shall be subject to prior approval by FA. DISTRICT further agrees not to represent that FA is DISTRICT's IRMA with respectto any aspect ofa municipal securities issuance or municipal financial product, outside of the scope ofservices without FA's prior written consent.
MSRB Rules require that municipal advisors make written disclosures to their DISTRICTs of all material conflicts of interest, certain legal or disciplinary events and ce1tain regulatory requirements. Such disclosures are provided in FA's Disclosure Statement delivered to DISTRICT together with this Agreement.
FINANCIAL ADVISORY COMPENSATION
For the services provided under this Agreement, FA's professional fees shall be paid as provided in Exhibit B to this Agreement and DISTRICT shall pay expenses and fees for other services not set forth in Exhibit A as provided below.
Reimbursable Expenses
In addition to fees for services, FA will be reimbursed for necessary, reasonable, and documented out-of-pocket expenses inctmed, including travel, meals, lodging, telephone, mail, and other ordinary cost and any actual extraordinary cost for graphics, printing, data processing and computer time which are incuned by FA subject to the limitations of Chapter 112.061, F.S. Upon request ofDISTRICT, documentation ofsuch expenses will be provided.
Other Services
Any services which are not included in the scope of services set forth in Exhibit A ofthis Agreement will be subject to separate, mutually acceptable fee structures.
TERMS AND TERMINATION
This Agreement shall be effective as of the Effective Date until February 12, 2020 (the "Initial Term") and shall automatically renew for additional one (1) year periods (each a "Renewal Te1m" and together with the Initial Term, the "Term"), unless terminated in writing by either patty upon thirty (30) days written notice to the other party without cause, or immediately upon written notice for good cause. For purposes of this Agreement, the tetm "good cause" shall include misfeasance, malfeasance, nonfeasance or dereliction ofduties by FA which, in each case, FA fails to cure within 10 days ofnotice thereof. Upon such te1mination, FA will be paid for all services performed and costs and expenses incurred up to the termination date.
ASSIGNMENT
Neither party may assign this Agreement or its rights or obligations hereunder without the prior written consent of the other patty ; provided that upon notice to DISTRICT, (i) FA may assign this Agreement or any interests hereunder to a municipal advisor entity registered with the SEC that directly or .indirectly controls, is controlled by, or is under common control with, FA, or
to any subsidiary or affiliate of FA or a successor of FA in connection with the sale of all or

Rev. 31.10.20111	- 2 -

substantially all of FA's assets. Subject to the foregoing, this Agreement shall be binding on the parties hereto and their respective successors and assigns.
INFORMATION TO BE FURNISHED TO FA
All information, data, reports, and records in the possession ofthe DISTRICT or any third paity necessary for carrying out any services to be performed under this Agreement ("Data") shall be furnished to FA and the DISTRICT shall, and shall cause its agent(s) to, cooperate with FA in its conduct of reasonable due diligence in performing the services, including with respect to the facts that are necessary in its recommendation(s) to the DISTRICT in connection with a municipal securities transaction or municipal financial product and/or relevant to the DISTRICT's determination whether to proceed with a course of action. To the extent DISTRICT requests that FA provide advice with regard to any recommendation made by a third party, DISTRICT will provide to FA written direction to do so as well as any Data it has received from such third party relating to its recommendation. DISTRICT acknowledges and agrees that while FA is relying on the Data in connection with its provision of the services under this Agreement, FA makes no representation with respect to and shall not be responsible for the accuracy or completeness of such Data.
NOTICES
All notices given under this Agreement shall be in writing, sent by registered United States mail, with return receipt requested, addressed to the pa1ty for whom it is intended, at the designated below. The parties designate the following as the respective places for giving notice, to wit:
DISTRICT:
Myakka Ranch Community Development District 12051 Co1porate Boulevard
Orlando, Florida 32801 Attention: District Manager

With A Copy To:
Hopping Green & Sams, PA 119 S. Monroe Street, Suite 300
Tallahassee, Florida 32301 Attention: Wes Haber

FA:

Fishkind & Associates, Inc. 12051 Co1porate Boulevard
Orlando, FL 32801
Attention: Hank Fishkind, President

Rev. 31.10 2018	- 3 -

TITLE TRANSFER
All materials, except functioning or dynamic financial models, prepared by FA pursuant exclusively to this Agreement shall be the prope1ty of the DISTRICT. Subject to the exception described above, upon termination ofthis Agreement, at DISTRICT's reasonable request no later than three (3) years after the termination of this Agreement FA shall deliver to the DISTRICT copies ofany materials or documents pertaining to or prepared in accordance with this Agreement.
FA'S REPRESENTATIVES
I.	Assignment ofNamed Individuals
Professional employees ofFA will provide the services set forth in this Agreement and FA may, from time to time, supplement or otherwise amend the team members. The individual listed below shall be the engagement manager for this Agreement.
Hank Fishkind Kevin PJenzler

2.	Changes in StaffRequested by the DISTRICT

The DISTRICT has the right to request, for any reason, FA to replace any member of the adviso1y team. Should the DISTRICT make such a request, FA shall promptly suggest a substitute for approval by the DISTRICT.
INSURANCE
FA shall maintain insurance coverage with policy limits not less than as stated in Exhibit
�-
LIMITATION OF LIABILITY
Except to the extent caused by willful misconduct, bad faith, gross negligence or reckless
disregard of obligations or duties under this Agreement on the pait ofFA or any ofits associated persons, neither FA nor any of its associated persons shall have liability to any person for (i) any act or omission in connection with the performance of its services hereunder; (ii) any enor of judgment or mistake oflaw; (iii) any loss arising out of any issuance ofmunicipal securities, any municipal financial product or any other financial product, or (iv) any financial or other damages resulting from DISTRICT's election to act, or not to act, contrary to or upon any advice or recommendation provided by FA to DISTRICT.
INDEPENDENT CONTRACTOR; NO THIRD-PARTY BENEFICIARY
FA, its employees, officersand representatives at all times shall be independent contractors and shall not be deemed to be employees, agents, paitners, servants ai1d/or joint venturers of DISTRICT by vi1tue ofthis Agreement or any actions or services rendered under this Agreement. Nothing in this Agreement is intended or shall be construed to give any person, other than the Patties hereto, their successors and permitted assigns, any legal or equitable rights, remedy or

Rev. 31.102018	- 4 -

claim under or in respect ofthis Agreement or any provisions contained herein. In no event will FA be liable for any act or omission of any third party or for any circumstances beyond FA's reasonable control including, but not limited to, fire, flood, or other natural disaster, war, riot, strike, act of terrorism, act of civil or military authority, software and/or equipment failure, computer virus, or failure or intenuption ofelectrical, telecommunications or other utility services.
APPLICABLE LAW
This Agreement shall be construed, enforced, and administered according to the laws of the State ofFlorida. FA and the DISTRICT agree that, should a disagreement arise as to the terms or enforcement ofany provision ofthis Agreement, each pa11y will in good faith attempt to resolve said disagreement prior to pursuing other action.
ENTIRE AGREEMENT; SEVERABILITY
This Agreement represents the entire agreement between DISTRICT and FA and may not be amended or modified except in writing signed by both parties. For the sake of clarity, any separate agreement between DISTRICT and an affiliate ofFA shall not in any way be deemed an amendment or modification ofthis Agreement. This Agreement supersedes all prior agreements, contracts, arrangements, or communications between the parties with respect to the subject matter addressed herein, whether oral or written. The invalidity in whole or in part of any provision of this Agreement shall not void or affect the validity of any other provision.
EXECUTION; COUNTERPARTS
Each party to this Agreement represents and warrants that the person or persons signing this Agreement on behalf of such patty is authorized and empowered to sign and deliver this Agreement for such party. This Agreement may be signed in any number of counterpatis, each of which shall be an original and all ofwhich when taken together shall constitute one and the same document.

PUBLIC RECORDS DISCLOSURE.
FA understands and agrees that all documents of any kind provided to the DISTRICT in connection with this Agreement may be public records, and, accordingly, FA agrees to comply with all applicable provisions ofFlorida law in handling such records, including butnot limited to Section 11 9.0701, Florida Statutes. Consultant acknowledges that the designated public records custodian for the DISTRICT is Fishkind & Associates, Inc. ("Public Records Custodian"). Among other requirements and to the extent applicable by law, the FA shall I) keep and maintain public records required by the DISTRICT to perf01m the service; 2) upon request by the Public Records Custodian, provide the DISTRICT with the requested public records or allow the records to be inspected or copied within a reasonable timeperiod at a cost that does not exceed the cost provided in Chapter 1 19, Florida Statutes; 3) ensure that public records which are exempt or confidential, and exempt from public records disclosure requirements, are not disclosed except as authorized by law forthe duration ofthe Agreement term and following the Agreement tem1 ifthe FA does not transfer the records to the Public Records Custodian ofthe DISTRICT; and 4) upon completion of the Agreement, transfer to the DISTRICT, at no cost, all public records in FA's possession or,

Rev. 31.10.2018	- 5 -

alternatively, keep, maintain and meet all applicable requirements for retaining public records pursuant to Florida laws. When such public records are transfened by the FA, the fA shall destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirements. All records stored electronically must be provided to the DISTRICT in a format that is compatible with Microsoft Word or Adobe PDF formats.

[Signature Page Follows]

Re,•. 31.10.2018	- 6 -

IN WITNESS THEREOF, the DISTRICT and FA have executed this Agreement as of the day and year herein above written.

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

By: ���
Title: Chairman Date:	.;).\::Mo\lCa

FA
By: �
Name: Hank Fish.kind
Title: Presi;ent	/
�r	I	(j_

Rev. 31.10 2018	- 7 -

EXHIBIT A SCOPE OF SERVICES

Services related to the Financial Planning and Policy Development upon request of the DISTRICT:
Assistwith the formulation ofthe DISTRICT's special assessment methodology or similar security for debt issuance in consultation with the DISTRICT's counsel, consulting engineer, bond counsel, and other consultants and professionals; notwithstanding the foregoing, these services shall not include the preparation of an assessment methodology repo1i.
Assist the DISTRICT in the formulation of Financial and Debt Policies and Administrative Procedures.

•

•
•
•

•

•

Re,•. 31.10.2018

Review cmTent debt structure, identifying strengths and weaknesses ofstructure so that future debt issues can be designed to maximize ability to finance future capital needs. This will include, but not be limited to, reviewing existing debt for the possibility ofrefunding that debt to provide the DISTRICT with savings.
Analyze future debt capacity to determine the DISTRICT's ability to raise future debt capital.
Assist the DISTRICT in the development ofthe DISTRICT's Capital Improvement Program by identifying sources of capital funding.
Assist the D1STR1CT with the development ofthe DISTRlCT's financial planning effo1is and process by assessing capital needs, identifying potential revenue sources, analyze financing alternatives such as pay-as-you-go, lease/purchasing, short-term vs. long-term financings, assessments, user fees, impact fees, developer contributions, public/private projects, and grants and provide analysis of each alternative as required as to the budgetary and financial impact.
Review the reports of accountants, independent engineers and other project feasibility consultants to ensure that such studies adequately address technical, economic, and financial risk factors affecting the marketability of any proposed revenue debt issues; provide bond market assumptions necessary for financial projections included in these studies; attend all relevant working sessions regarding the preparations, review and completion of such independent studies; and provide written comments and reconunendations regarding assumptions, analytic methods, and conclusions contained therein.
Develop, manage and maintain computer models for long-term capital planning which provide for inputs regarding levels ofnon-ad valorem special assessment and other revenues growth rates by revenue and expenditure item, timing, magnitude and cost of debt issuance, and project operating and capital balances, selected

- 8 -

operating and debt ratios and other financial performance measures as may be determined by the DISTRICT.
Conduct strategic modeling and planning and related consulting.
Attend meetings with DISTRICT's staff, consultants and other professionals and the DISTRICT.
Undertake financial planning and policy development assignments made by the DISTRICT regarding financings, and financial policy including budget, tax, cash management issues and related fiscal policy and programs.
Assist the DISTRICT in preparing financial presentations for public hearings and/ or referendums.
Provide special financial services as requested by the DISTRJCT.
Services Related to Debt Transactions (Includes short term financings, notes, loans, letters of credit, line of credit and bonds); provided that if the transaction is competitive, the services of the financial advisor will reflect that process. Upon the request of the DISTRICT:

•
•
•

•
•
•
•
•
•

Re,·. 31.10.2018

Analyze financial and economic factors to determine if the issuance of bonds is appropriate.
Develop a financing plan in concert with DISTRICT's staff which would include recommendations as to the timing and number of series of bonds to be issued.
Assist the DISTRICT by recommending the best method of sale, either as a negotiated sale, private placement or a public sale. In a public sale, make recommendation asto the determination ofthebest bid. Inthe event of a negotiated sale, assist in the solicitation, review and evaluation of any investment banking proposals, and provide advice and information necessary to aid in such selection.
Advise as to the various financing alternatives available to the DISTRICT.
Develop alternatives related to debt transaction including evaluation of revenues available, maturity schedule and cash flow requirements.
Evaluate benefits of bond insurance and/or security insurance for debt reserve fund.
If appropriate, develop credit rating presentation and coordinate with the DISTRICT the overall presentation to rating agencies.
Review underwriter's proposals and submit a written analysis of same to the DISTRICT.
Assist the DISTRICT in the procurement ofother services relating to debt issuance such as printing, paying agent, registrar, etc.

- 9 -

Identi fy key bond covenant features and advise as to the financial consequences of provisions to be included in bond indentures, resolutions or other governing documents regarding security, creation ofreserve funds, flow offunds, redemption provisions, additional parity debt tests, etc.; review and comment on successive drafts ofbond governing documents.
Review the requirements andsubmit analysis to bond insurers, rating agencies and other professionals as they pertain to the DISTRICT's obligation.
Review the terms, conditions and structure of any proposed debt offering unde1taken by the DISTRICT and provide suggestions, modifications and enhancements where appropriate and necessary to reflect the constraints or current financial policy and fiscal capability.
Coordinate with DISTRICT's staff and other advisors as respects the furnishing of data for offering documents, it being specifically understood that FA is not responsible for the inclusion or omission of any material in published offering documents.
As applicable, advise the DISTRICT on the condition ofthe bond market at the time of sale, including volume, timing considerations, competing offerings, and general economic considerations.
Assist and advise the DISTRICT in negotiations with investment banking groups regarding fees, pricing of the bonds and final terms of any security offering, and make recommendations regarding a proposed offering to obtain the most favorable financial terms based on existing market conditions.
Anange for the closing of the transaction including, but not limited, to bond printing, signing and final delivery ofthe bonds.
Assist and advise the DISTRICTwith investment ofproceeds ofdebt offerings
Special Services. Upon request ofthe DISTRICT:
FA may provide other services which shall include, but not be limited to, the following: Impact fee financial analysis
Rate analysis
Management analysis
Referendum assistance
Legislative initiatives
Project assessment analysis
Implementation ofrevenue enhancement programs
Investment advisory services (services to be provided by an affiliate of FA under separate agreement between the DISTRICT and such affiliate))

Rev. 31.10 2018

- 10 -

Arbitrage and rebate services (services to be provided by an affiliate of FA under separate agreement between the DISTRICT and such affiliate)
Financial analysis ofprojects being developed by engineer/architect studies
Negotiate on behalf of the DISTRICT for proposed projects

Rev. 31.10.2018

- 11 -

Description

EXHIBIT B
COMPENSATION FOR SERVICES (NEGOTIABLE)
Unit Price

TRANSACTIONAL FEE SCHEDULE

Up to $25 Million	$1 .00/ $1,000	$1 .00/ $1,000	
$25 Million up to $50 Million	$0.85/ $1,000	$1.00/ $1,000	
Over $50 Million up to $75 Million	$0.75/$1,000	$0.85/ $1,000	
Over $75 Million	$0.50/ $1,000	$0.75/$1,000	
Above Fees Subject To:			
Minimum	$20,000.00	$25,000.00	
Maximum	$125,000.00	$200,000.00	

Conventional Long-Term Fixed Rate Debt

Investment Grade

Non-investment Grade

Additional Fee - Refunding Transaction	$ NIA (excluding escrow structuring if
requested)
Notes, Including but not Limited to TANS and RANS $15,000.001
1Fee for investment grade, publicly offered issues; fee for private placement or non-investment grade public offering will be negotiated prior to the sale.
NON-TRANSACTIONAL FEE SCHEDULE
Professional Fees

Managing Director
Senior Managing Consultant (other senior staff) Senior Analyst (Analyst)
Administrative Staff
Out of Pocket Expenses
Not to Exceed

$300.00/ Hour
$250.00/ Hour
$150.00/ Hour
$0.00	I Hour

$2,000.00 per Issue*

Travel Lodging Meals Postage Telephone Copies Printing

Rev. 31.10.2018

At Cost At Cost At Cost At Cost J\t Cost
0.10 Black & White; 0.50 for Color
Black & White; 0.50 for Color

-  12 -

*FA also offers a flat "overhead" fee of$1 ,500 per financing to cover all typical expenses (copies, printing, in state travel, etc). Both structures exclude New York and other out ofstate travel, which is billed at cost.
Other Services
In addition to advising on bond transactions, FA is often called upon to perform many additional duties. These may include structuring and implementation of the refunding escrow, debt service reserve and debt service payment fund investment structuring, arbitrage rebate compliance, investment agreement and float contract bidding, investment liquidation, interest rate swap pricing and implementation, and other related services. These services would be provided via separate contract with the appropriate FA related entity such as FA Asset Management, TLC. If needed or required under this proposal, these services are subject to a separate fee to be negotiated in advance at the time of the service. FA fully discloses all fees related to any transaction.

Rev. 31.10.2018	- 13 -

EXHIBIT C INSURANCE

Fish.kind & Associates, Inc. ("FA") has a complete insurance program, including prope1ty, casualty, comprehensive general liability, automobile liability and workers compensation. FA maintains professional liability and fidelity bond coverages which total $30 million and $10 million, respectively. FA also canies a $10 million cyber liability policy.
OurProfessional Liabilitypolicyis a"claimsmade" policy and our General Liability policyclaims would be made by occun-ence.
Deductibles/SIR:
Automobile $250 comprehensive & $500 collision Cyber Liability $50,000
General Liability $0
Professional Liability (E&O) $1 ,000,000 Financial Institution Bond $75,000
Insurance Company & AM Best Rating
Professional Liability (E&O)	Endurance American Specialty Insurance; (A+; XV)
XL Specialty Insurance Company; (A; XV) Continental Casualty Company; (A; XV)
Stan Indemnity & Liability Company; (A; XIV)

Financial Institution Bond Cyber Liability
General Liability Automobile Liability Excess /Umbrella Liability Workers Compensation
& Employers Liability

Rev. 31.10 2018

Federal Insurance Company; (A++; XV) Indian Harbor Insurance Company (A; XV)
Great Northern Insurance Company; (A++; XV) Federal Insurance Company; (A++; XV) Federal Insurance Company; (A++; XV)
Great No1thern Insurance Company; (A++; XV)

- 14 -

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Resolution 2019-02, Designating District Manager, Assessment
Consultant and Financial Advisor

RESOLUTION 2019-02
A RESOLUTION DESIGNATING FISHKIND & ASSOCIATES, INC., AS DISTRICT MANAGER OF AND ASSESSMENT CONSULTANT FOR AND FINANCIAL ADVISOR TO THE MYAKKA RANCH COMMUNITY DEVELOPMENT	DISTRICT,	AUTHORIZING COMPENSATION, AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Myakka Ranch Community Development District ("District") is a local unit of special-purpose government created and existing pursuant to Chapter 189, Florida Statutes, being situated in Sarasota County, Florida; and
WHEREAS, the Board of Supervisors ("Board") of the District has previously appointed Fishkind & Associates, Inc. as District Manager and Assessment Consultant (hereinafter, collectively, the "District Manager") and Financial Advisor; and
WHEREAS, the Board of Supervisors and Fishkind & Associates, Inc. desire to enter into a revised District Management Agreement and Financial Advisor Agreement (collectively, the "Fishkind Agreement"), which shall be dated effective as of the date of this Resolution, the form(s) of which are attached hereto as Exhibit A; and
WHEREAS, pursuant to the terms of the Fishkind Agreement, Fishkind & Associates, Inc. may, upon notice to the District, assign its rights and obligations under such agreement to any subsidiary, affiliate, or successor in connection with the sale of all or substantially all of Fishkind & Associates, lnc.'s assets; and
WHEREAS, Fishkind & Associates, Inc. has recently advised the Board of Supervisors of the District of its intent to enter into a proposed transaction (the "Transaction") with PFM Financial Advisors LLC or PFM Consulting Services, LLC or its affiliate(s) (collectively, "PFM") whereby Fishkind will sell all or substantially all of its assets to PFM; and
WHEREAS, in connection with the Transaction and pursuant to the Fishkind Agreement, Fishkind & Associates, Inc. desires to assign it rights and obligations as District Manager and Financial Advisor under the Fishkind Agreement to PFM upon and after the date the Transaction is consummated, and the Board is amenable to such assignment upon the consummation of the Transaction.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT:
Fishkind & Associates, Inc. has previously been appointed the District Manager and Financial Advisor to the District.

l

Fishkind & Associates, Inc., shall be compensated for services in such capacity in the manner prescribed set forth in the Fishkind Agreement attached hereto as Exhibit A, which agreement is approved as to form and substance. Upon execution of the Fishkind Agreement(s) attached hereto as Exhibit A, all prior agreements relating to the services contemplated in the Fishkind Agreement attached hereto as Exhibit A are hereby rescinded by the parties and shall be of no further force and effect.

The assignment by Fishkind & Associates, Inc. of all of its rights and obligations as District Manager and Financial Advisor under the Fishkind Agreement to PFM is approved by the Board in connection with, and shall become effective upon, consummation of the Transaction referenced hereinabove.
This Resolution shall become effective immediately upon its adoption.
Adopted this 14th day of May, 2019.

ATTEST:

Secretary/Assistant Secretary

Exhibit A: Fishkind Agreements

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Chairman

2

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

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Nondiscrimination requirements of Title II of
the American Disabilities Act (ADA)

WCAG (Web
Content Accessibility Guidelines)

Section 508 Stipulations

Florida Insurance Alliance/eGIS Risk Advisors Guidelines

Read more about details ofthe above list on VGlobalTech's website. All ADA requirements and information on these topics has been compiled in one place for our clients.
URL: https://vglobaltech.com/website-compliance/
VGlobalTech com - Experience Innovation	Page 1 of 11 Your strategic partner for Web Design, Software, Marketing, and SEO solutions.
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Private and Confdential Dacumenl. No part of this document shall be produced. sent. copied to any parties it is nor intended for. It is
ntended forthe entities listed clearty on this proposal. Any distribution without written consentshall be procecuted

Version Log:

April 11, 2019	1.0	Technical and Human Audit	VB Joshi	
April 12, 2019	1.1	Added 3 Options	VB Joshi	
April 12, 2019	1.2	Added compliance process flow	VB Joshi	

I	Date	I  Version#    I	Comments	I	Author	I
Your website gets 2 Compliance Seals VGlobalTech's Technical Compliance Seal & Human Audit Compliance Seal

CERTIFIED ACCESSIBLE
By Analystswho are Blind & Visually Impaired

VGlobalTech is the ADA, WCAG Compliance Expert, with over 100 ADA & WCAG compliant websites created (....and counting) to-date! We have partnered with a non-profit agency to conduct Human Audit and Certification Seal.

Working together with your company we wish to add social value to the community we live in!

COPYRIGHT ©: This proposal is solely created by VGlobalTech team for its customers and cannot be reproduced, copied, modified or distributed (Including forwarding to other customers, competitors, web designers etc.) without the written consent of VGlobalTech. Any violations shall be prosecuted.

I

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Table of Contents
1.0	The Law	4
2.0	ADA & WCAG Compliance	4
Quarterly Technical & Human AuditTesting	5
Digital Asset Technical Compliance Seal:	6
Human Audit Seal:	6
4.0	Compliance Process Flow:	7
5.0	Pricing Options	8
6.0	Proposal Acceptance:	10
7.0	References:	11 

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Private and Confidential Document. No port of th s document shall be produced. sent copied lo any parties ii is not intended for. II is
intended for the entities listed clearly on this proposal. Any d stribution without written consent sholl be proceculed

1.0 The Law

Please familiarize your teamwith the Florida Statute 189.069 Special districts; required reporting ofinformation; web-based public access. Source: http://www.Ieg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0l00- 0199/0189/Sections/0189.069.html

2.0 ADA & WCAG Compliance

Every individual must have equal access to information whether it is in person service or online. This is a general agreement and understanding ofaccess.
The Internet has dramatically changed the way state and local governments do business. Today, government agencies routinely make much more information about their programs, activities, and services available to the public by posting it on their websites. As a result, many people can easily access this information seven day a week, 24 hours a day.
Many government services and activities are also provided on websites because the public is able to participate inthem atany time of day and withoutthe assistance ofgovernment personnel. Many government websites offer a low cost, quick, and convenient way of filing taxreturns, paying bills, renewing licenses, signing up for programs, applying for permits or funding, submittingjob applications, and performing a wide variety ofother activities.
The Americans with Disabilities Act (ADA) and, if the government entities receive federal funding, the Rehabilitation Act of 1973 generally require that state and local governments provide qualified individuals with disabilities equal access to their programs, services, or activities unless doing so would fundamentally alter the nature of their programs, services, or activities or would impose an undue burden. One way to help meet these requirements is to ensure that government websites have accessible features for people with disabilities, using the simple steps described in this document. An agency with an inaccessible website may also meet its legal obligations by providing an alternative accessible way for citizens to use the programs or services, such as a staffed telephone information line. These alternatives, however, are unlikely to provide an equal degree ofaccess in terms ofhours of operation and the range ofoptions and programs available.
The World Wide Web Consortium (W3C) sets the main international standards forthe World Wide Web and its accessibility. W3C created the Web Content Accessibility Guidelines (WCAG 2.0 and 2.1) which are similar to Section 508, but on an international level. WCAG 2.0 and 2.1 requires specific techniques for compliance and is more current than Section 508.
Source: https://www.w3.org/WAl/standards-gujde)jnes/wcag/

Call: 321 -947-7777 I Email: contact@VGlobalTech.com

for Web Design. Software. Marketing,

Your strategic partner VGlobalTech.com - Experience Innovationand SEO solutions. Page 4 of 11 
Private and Confidential Document No portof this document shall be produced. sent. copied to any part es it is not intended for. II is intended for the entities lsted clea�y on this proposal. Al'ly distribution without written consent shall be procecuted

Quarterly Technical & Human Audit Testing

This audit is as per the Florida Insurance Alliance, eGIS Insurance Advisors and other insurance guidelines. Please check with your insurance agency for specific requirements. Read more here: https://vglobaltech.com/wp­ content/uploads/2019/03/FIA_ADA_Guidelines-2019-2020.pdf
VGlobalTech team is trained and well aware of ADA and WCAG 2.x Compliance guidelines. VGlobalTech has partnered with a local agency for the visually impaired - LightHouse Works. LightHouse has developed a unique program for digital accessibility that is run by visually impaired personnel that are highly skilled in human auditing ofwebsites and software as per the section 508 stipulations. Read more about our partnership here: https://vglobaltech.com/website-compliance/

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Charting o course for living, learning, & earning with vision loss

Together we are now able to provide not one but two compliance seals for all our customers. Details ofthe compliance seals are below.

Call: 321 -947-7777

Email: contact@VGlobalTech.com

VGlobalTech.com -Experience fnnovotion	Page 5 of 11 Your strategic partner for Web IDesign, Software, Marketing, and SEO solutions.
Private and Confdential Document No part ofthis documentshall be produced. sent, copied to any part es it is not intended for. It s intended forthe entities listed clearly onthis proposol. Any d stribution wthout written consentshall be procecuted

Digital Asset Technical Compliance Seal:

VGlobalTech in-house technical team shall remediate / test the website / software for ADA, WCAG compliance. VGlobalTech's technical design & development team is fully aware of the Americans with Disability Act (ADA), Web Content Accessibility Guidelines (WCAG), Section 508 of the Rehabilitation Actof 1973 and overall the design principles ofa professional, accessible, functional and responsive web design. The entire team has taken dedicated time and efforts to learn these design principles first hand. Our purpose is clear - Universal, Creative Web design that works for everyone, everywhere and every time!
Human Audit Seal:

CERTIFIED ACCESSIBLE
By Analysts who are Blind & Visually Impaired

LightHouse Works' visually impaired personnel shall actually test the website for compliance as per the section 508 and ADA requirements. The VGlobalTech technical team shall remediate any points discovered by LightHouse team and send the site for re-certification. Upon satisfactory completion LightHouse shall provide the Human Audit Seal that will be specific to the site and the VGlobalTech team shall put the seal on the site. This is an added layer of true Human Audit testing that provides full ADA compliance.

VGlobalTech.com - Experience Innovation	Page 6 of 11 
Your strategic partner for Web Design, Software, Marketing, and SEO solutions.
Call: 321 -947-7777 I Email: contact@VGlobalTech.com
Private and Contidential Document. No part of this documentshall be produced sent. copied to any parties it is notintended for. It is intended forthe entities lsted clearly on this proposal. Any distribution without wlillen consent shall be procecuted

4.0 Compliance Process Flow:

Discovct")'

Reporting &
Remediation

Human
/\udit Seal

Vi{��!!€ro�'

Technical Audit

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WCAG / ADA
Remediaton

A Partnership with a Social Cause to Ensure:

Screen Reader Testing

Screen Magnifier Testing

ADA COMPLIANCE
WCAG COMPLIANCE
SECTION 508 STIPULATIONS
FIA / eGIS / OTHER INSURANCE & RISK ADVISERS' COMPLIANCE
TECHNICAL COMPLAINCE SEAL
HUMAN AUDIT COMPLAINCE SEAL
QUARTERLY AUDITS
REMEDIATION
PEACE OF MIND 

•

Automated Testing

YGlobalTech.com  -Experience Innovation	Page 7 of 11 Your strategic partner for Web Design, Software, Marketing, and SEO solutions.
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Private and Confdential Document. No port of this documentshall be produced. sent. copied to any part es ii is not intended for. II is intended tor the entities listed clearly on this proposal. Anydistri'bution without writtenconsentshall be proceculed

Pricing Options

Option 1 (recommended):
Quarterly Technical & Human Audits:
$1200 / Four Audits
Covers all technical AND human audit aspects as per industry experts
Discounted to cover both audits together
Compliance seals renewed after every audit
Ensure site and new content is in compliance with ALL standards
Peace of mind

Option 2: 
Quarterly Technical Audit Only*:
$900 / Four Audits
Covers only technical aspects ofelements, html, css, contrast etc as per WCAG
Technical Audit Compliance seal renewed after every audit
Does notcover human audit (additional considerations that are subjective to the person, assistive technology used etc

Option 3: 
Quarterly Human Audit Only**:
$800 / Four Audits
Covers only human audit (considerations thatare subjective to the person, assistive technology used etc conducted in a lab like environment)
Human Audit Compliance seal renewed after every audit

VGlobalTech.com - Experience Innovation	Page 8 of 11 
Your strategic partner for Web Design, Software, Marketing, and SEO solutions.
Call: 321 -947-7777 I Email: contact@VGlobalTech.com
Private and Canfidentiol Document. No partof this document shall be produced. sent. copied to onyparties it is not intended for. II is intended for the entites listed clearly on this proposal. Any distribution wthout written consent shall be procecuted

This proposal includesfollowing points, stipulations terms and conditions:
*(1) conference call or in person meetings per month with client to review metrics, results and monthlyrecaps *unless otherwise noted
* email and phone communication
*Anything out ofthe scope of work in the above proposal will be addressed and client will be immediately notified. After notification of additional work, a subsequent quote will be provided to cover that work.
*Client is responsible to adhering to timelines as far as information required to complete the task is concerned. If timelines are not adhered to and exceed 15 business days past the current marketing months, last day, all work will end. A new month with new allocated costs will be presented for future work to commence. No refunds and owed work will be due unless otherwise agreed upon. An Invoice will be provided once signature approval ofthis project proposal. Payments will be made to VGLOBALTECH
*Client is responsible forverifying quality of work, providing feedback, verifying that compliance has been met as required. VGlobalTech team shall not be responsible forany legal ramifications arising from work not done as per external agencies / organizations / associations needs if proper feedback is not provided by the customer. VGlobalTech's work will be in best faith but cannotguarantee all compliance / legal needs since we are not the final authority in the ADA or WCAG compliance area. VGlobalTech shall not be liable for any legal ramifications arising from compliance issues and cannot be held responsible for any legal or other lawsuits.
Refund Policy: The client may halt work and request for a refund within seven days of the date ofsigning this services agreement by mailing a signed letter to the main address listed on www.VGlobalTech.com website. If client requests a refund within seven days of the date of signingtheir agreement they shall be liable to pay for all work completed and will be refunded the remaining balance of the initial payment if billable work has not exceeded a charge that would be greater than client's initial payment. If client requests a refund after the seven days from the date ofthe signing of the agreement client is liable to payfor all work completed plus an additional 25% ofany remaining balance that may still be due. Once line item projects are complete no refunds will be issued. Confidentiality: All information between client and service provider inclusive oftechnical and business information relating to proprietary ideas, patentable ideas and/or trade secrets, existing and/or contemplated products and services, research and development, production, costs, profit and margin information, finances and financial projections, customers, clients, marketing, and current or future business plans and models, regardless ofwhether such information is designated as "Confidential Information" at the time of its disclosure and will be treated as such and with absolute confidentiality and will
not be shared or used, which will be maintained at all times. The client is not allowed to disclose
their price with any third parties. Doing so is in breach ofthis agreement. All information development will be shared and proprietary information and property between client and service providers.

VG obalTech.com - Experience lnnovalion	Page 9 of 11 Your strategic partner for Web Design, Software, Marketing, and SEO so utions.
Call: 321 947 7777 I Email: conlact@VGlobalTech.com
Private and Confidential Document. No portof this document shall be produced. sent. copied to any part es ii is not intended for. If is intended torthe entities listed clearty on this proposal.  Any distribution without written consent shall be procecuted

6.0 Proposal Acceptance:

To accept these project, associated costs and conditions as listed above please sign and date below.
The VG/oba/Tech proposed solution and terms have been acceptedby the customer and the VG/oba/Tech team can proceed with the project. Allpayments shall be made according to this agreement.

Please Sign and Date, Return to contact@vglobaltech.com:

For Customer

VB Joshi
For VGlobalTech

Date

Date

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Private and Confidential Document. No partof this documentshall be produced. sent cop ed to any parties it is not intended for. II is intended for the entities listed cleorly on this proposal. Anydistrbution wthout written consentshall be procecuted

7.0 References:

ADA Best Practices Tool Kit for State and Local Governments: https://www.ada.gov/pcatoolkit/chapStoolkit.htm

U.S. Department of Justice, Civil Rights Division, Disability Rights Section
https://www.ada.gov/websites2.htm

Web design Standards: https://www.w3schoo1s.com/

Web Content Accessibility Guidelines (WCAG) https://www.w3.org/TR/WCAG21/

VGlobalTech Web Content Accessibility Implementation and Checkpoints: http://vglobaltech.com/website-compliance/

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Contact Information: Website: https://vglobaltech.com Email: contact@VGlobalTech.com
Call: 321-947-7777

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Private and Confidential Document. No port of this documentshall be produced, sent, copied toony part es ii is not intended for. It is
intended forthe entities listed clea�y on this proposal. Anydistribution without written consent shall be procecuted

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Resolution 201 9-03,
Approving a Preliminary Budget for Fiscal Year 201 9 and Setting a Public Hearing Date
[suggested date of A ugust 13, 20 1 9]

RESOLUTION 2019-03
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT APPROVING PROPOSED BUDGETS FOR FISCAL YEAR 2019/2020 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW; ADDRESSING TRANSMITTAL, POSTING AND PUBLICATION REQUIREMENTS; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors ("Board") of the Myakka Ranch Community Development District ("District") prior to June 15, 2019, proposed budgets ("Proposed Budget") for the fiscal year beginning October 1, 2019 and ending September 30, 2020 ("Fiscal Year 2019/2020"); and
WHEREAS, the Board has considered the Proposed Budget and desires to set the required public hearing thereon.
NOW, THEREFORE, BE IT RESOLVED BY THE  BOARD OF SUPERVISORS OF THE MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT:
PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2019/2020 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.
SETTING A PUBLIC HEARING. A public hearing on said approved Proposed Budget is hereby declared and set for the following date, hour and location:
DATE:
HOUR:
LOCATION:

TRANSMITTAL OF PROPOSED BUDGET TO LOCAL GENERAL PURPOSE GOVERNMENT. The District Manager is hereby directed to submit a copy of the Proposed Budget to Sarasota County at least 60 days prior to the hearing set above.
POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District's Secretary is further directed to post the approved Proposed Budget on the District's website at least two days before the budget hearing date as set forth in Section 2, and shall remain on the website for at least 45 days.

PUBLICATION OF NOTICE. Notice of this public hearing shall be published in the manner prescribed in Florida law.
SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.
EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 14th DAY OF MAY, 2019.

ATTEST:

Secretary

Exhibit A: FY 201 9/2020 Proposed Budget

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

By:_	_____ 	_ Its:------------

Myakka Community Development District Fiscal Vear 2019-2020 Proposed O&M Budget

Revenues

Through	Budget

FY 2018	FY 2019	FY 2019	FY 2020	
Actual	Budget	Actual	Proposed	

04/30/19	(Inactive)

Developer Contributions	$24,107	$36,000	$18,376	$38,075	
Net Revenues	$24,107	$36,000	$18,376	$38,075	
COO General & Administrative Exeenses
Supervisor Fees	

$1,200	

$2,000	

$0	

$2,000	
Management	10,000	10,000	5,833	10,000	
Engineering	0	5,000	0	5,000	
District Counsel	2,967	7,500	2,594	7,500	
Trustee Fee	0	0	0	0	
Dissemination Agent	0	0	0	0	
Arbitrage Fee	0	0	0	0	
Assessment Roll Fee	0	0	0	0	
Audit	2,600	2,600	2,700	2,800	
Travel and Per Diem	0	250	0	250	
Telephone	6	100	5	100	
Postage & Shipping	92	150	6	150	
Copies	0	100	5	100	
Legal Advertising	316	500	284	700	
Web Site Maintenance	900	900	1,025	2,400	
Office Supplies	0	0	0	0	
Lake Bank Maintenance	0	0	0	0	
Wetland Mitigation & Monitoring	0	0	0	0	
Miscellaneous	0	400	0	0	
Contingency	0	0	0	400	
Dues, Licenses, and Fees	175	175	175	175	
General Insurance	5,852	6,325	5,750	3,500	
Public Officials' Liability Insurance	0	0	0	3,000	
Total Expenses	$24,107	$36,000	$18,376	$38,075	

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Fiscal Year 201 8 Audit Engagement Letter

fJ

Grau & Associates
CElffl FIED PUBLIC J\CCOU NTJ\NTS

951 Yamato Road • Suite 280 Boca Raton, Florida 33431 (561) 994-9299 • (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

August 2, 2018

Board of Supervisors
Myakka Ranch Community Development District 12051 Corporate Blvd.
Orlando, Fl 32817

We are pleased to confirm our understanding ofthe serviceswe are to provide Myakka Ranch Community Development District, Sarasota County, Florida ("the District") for each of the fiscal years ended September 30, 2018, 2019 and 2020. We will audit the financial statementsof the governmental activities and each major fund including the related notes to the financial statements which collectively comprise the basic financial statements of Myakka Ranch Community Development District as ofand for each of the fiscal years ended September 30, 2018, 2019 and 2020.

Accounting standardsgenerally accepted in the United States ofAmerica provide forcertain required supplementary information (RSI), such as management's discussion and analysis (MD&A), to supplement the District's basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context As part of our engagement, we will apply certain limited procedures to the District's RSI in accordance with auditing standards generally accepted in the United States ofAmerica. These limited procedures will consist of inquiries of management regarding the methods of preparing the Information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We will not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
The following RSI is required by generally accepted accounting principles and will be subjected to certain limited procedures, but will not be audited:
Management's Discussion and Analysis.
Budgetary comparison schedule
Audit Objectives
The objectiveofour audit is the expression ofopinions as towhether your financialstatementsare fairly presented, in all material respects, in conformity with U.S. generally accepted accounting principles and to report on the fairness of the supplementary information referred to in the second paragraph when considered in relation to the financial statements as a whole. Our audit will be conducted in accordance with auditing standards generally accepted in the United States of America and the standards for financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States, and will inc ude tests of the accounting records of the District and other procedures we consider necessary to enable us to express such opinions. We will issue a written report upon completion of our audit of the District's financial statements. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis-of-matter orother-matter paragraphs. Ifour opinion on the financial statements is other than unmodified, we will discuss the reasons with you In advance. If, for any reason, we are unableto complete the audit or are unable to form or have not formed an opinion, we may decline to express an opinion or Issue a report, or may withdraw from this engagement.

•

We will also provide a report (that does not include an opinion) on Internal control related to the financial statements and compliance with the provisions of laws, regulations, contracts, and grant agreements, noncompl ance with which could have a material effect on the financial statements as required by Government Auditing Standards. The report on internal control and on compliance and other matters will include a paragraph that states (1) that the purpose of the report is solely to describe the scope of testing of internal control and compliance, and the results of that testing, and not to provide an opinion on the effectiveness of the District's internal control on compliance, and (2) that the report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District's internal control and compliance. The paragraph will also state that the report is not suitable forany other purpose. If during our audit we become aware that the District is subject to an audit requirement that is not encompassed in the terms of this engagement, we will communicate to management and those charged with governance that an audit in accordance with U.S. generally accepted auditing standards and the standards for financial audits contained in Government Auditing Standards may not satisfy the relevant legal, regulatory, or contractual requirements.

Myakka Ranch Community Development District	2

Examination Objective
The objective of our examination is the expression of an opinion as to whether the District is in compliance with Flor da Statute
218.415 in accordance with Rule 10.556(10) of the Auditor General of the State <I Florida. Our examination will be conducted in accordance with attestation standards established by the American Institute ofCertified Public Accountants and will include tests of your records and other procedures we consider necessary to enable us to express such an opinion. We will issue a written reportuponcompletion  of our examination ofthe District's compliance. Thereportwill include a statement that the report is intended solely for the information and use of management, those charged withgovernance, and the Florida Auditor General, and is not intended to be and should not be used by anyone other than these specified parties. We cannot provide assurance that an unmodified opinion will be expressed. Circumstances may arise in which it is necessary for us to modify our opinion or add emphasis-of-matter or other-matter paragraphs. If our opinion on the District'scompliance is other than unmodified, wewill discuss the reasons with you in advance. If, for any reason, we are unable to complete the examination or are unable to form or have not formed an opinion, we may decline to express an opinion or issue a report, or may withdraw from this engagement.
Other Services
We will assist in preparing the financial statements and related notes of the District in conformity with U.S. generally accepted accounting princ ples based on information provided by you. These nonaudit services do not constitute an audit under Government Auditing Standards and such services will not be conducted in accordance with Govammant Auditing Standards. The other services are limited to the financial statement services previously defned. We, in our sole professional judgment, reserve the right to refuse to perform any procedure or take any action that could be construed as assuming management responsibilities.
Management Responsibilities
Management is responsible for compliance with Florida Statute 218.415 and will provide us with the information requiredforthe examination. The accuracy and completeness of such information is also management's responsibili ty. You agree to assume all management responsibilit es relating to the financial statements and related notesand any other nonaudit services we provide. You will be required to acknowledge in the management representation letter our assistance with preparation of the financial statements and related notes and that you have reviewed and approved the financial statements and related notes prior to their issuance and have accepted responsibility forthem. In addition, you will be required to make certain representations regarding compliance with Florida Statute 218.415 in the management representation letter. Further, you agree to oversee the nonaudit services by designating an individual, preferably from senior management, who possesses suitable skill, knowledge, or experience; evaluate the adequacy and results of those services; and accept responsbility for them.

generally

Management is responsible for designing, implementing and maintaining effective internal controls, including evaluating and monitoring ongoing activities, to help ensure that appropriate goals and objectives are met; following laws and regulations; and ensuring that management and financial information is reliable and properly reported. Management is also responsible for implementing systems designed to achieve compliance with applicable laws, regulations, contracts, and grant agreements. You are also responsible for the selection and applicat on of accounting principles, for the preparation and fair presentation of the financial statements and all accompanying information in conformity with U.S.	accepted accounting principles, and for compliance with applicable laws and regulations and the provis ons of contracts and grant agreements.
Management is also responsible for making all financial records and related information available to us and forthe accuracy and completeness of that information. You are also responsible for providing us with (1) access to all information of which you are aware that is relevant to the preparation and fairpresentation of the financial statements, (2) additional information thatwe may request for the purpose of the audit, and (3) unrestricted access to persons within the government from whom we determine it necessary to obtain audit evidence.
Your responsibilities include adjusting the financial statements to correct material misstatements and for confirm ng to us in the written representation letter that the effects of any uncorrected misstatements aggregated by us during the current engagement and pertaining to the latest period presented are immaterial, both individually and in the aggregate, to the financial statements taken as a whole.
You are responsible for the design and implementation of programs and controls to prevent and detect fraud, and for informing us about all known or suspected fraud affecting the government involving (1) management, (2) employees who have significant roles in internal control, and (3) others where the fraud could have a material effect on the financial statements. Your responsibilities include nforming us of your knowledge of any allegations of fraud or suspected fraud affecting the government received in communications from employees, former employees, grantors, regulators, or others. In addition, you are responsible for identifying and ensuring that the government complies with applicable laws, regulations, contracts, agreements, and grants and for taking timely and appropriate steps to remedy fraud and noncompliance with provisions of laws, regulations, contracts or grant agreements, or abuse that we report.
Management is responsible for establishing and maintaining a process for tracking the status of audit findings and recommendations. Management is also responsible for identifying and providing report copies of previous financial audits, attestation engagements, performance audits or other studies related to the objectives discussed in the Audit Objectives section of this letter. This responsibility includes relay ng to us corrective actions taken to address significant findings and recommendations resulting from those audits, attestation engagements, performance audits, or other studies. You are also responsible for providing management's views on our current findings, conclusions, and recommendations, as well as your planned corrective actions, for the report, and forthe timing and format for providing that informat on.

Myakka Ranch Community Development District	3

With regard to using the audit's report, you understand that you must obtain our prior written consent to reproduce or use our report in bond offering official statements or other documents.
With regard to the electronicdissemination ofaudited financial statements, including financial statements publishedelectronically on your website, you understand that electronic sites are a means to distribute information and, therefore, we are not required to read the information contained In these sites or to consider the consistency of other information In the electronic site with the original document.
Audit Procedures-General
An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements; therefore, our audit will involve judgment about the number of transactions to be elCamined and the areas to be tested. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We will plan and perform the auditto obtain reasonable rather than absolute assurance about whetherthe financial statements are free of material misstatement, whether from (1) errors, (2) fraudulent financial reporting, (3) misappropriation of assets, or (4) violations oflaws or governmental regulations that are attributable to the government or to acts by management or employees acting on behalf of the government. Because the determination of abuse is subjective, GovernmentAuditing Standards do not expect auditors to provide reasonable assurance of detecting abuse.
Because of the inherent limitations of an audit, combined with the inherent limitations of internal control, and because we will not perform a detailed examination ofall transactions, there is a risk that material misstatements may exist and notbe detected by us, even though the audit Is properly planned and performed in accordance with U.S. generally accepted auditing standards and Government Auditing Standards. In addition, an audit is not designed to detect immaterial misstatements or violations of laws or governmental regulations that do not have a direct and material effect on the financial statements. Our responsibility as auditors is limited to the period covered by our audit and does not extend to later periods for which we are not engaged as auditors.
Our procedures will include tests of documentary evidence supporting the transactions recorded in the accounts, and may include testsofthe physical existence of inventories, anddirect confirmation ofreceivables and certain other assetsand liabilities by correspondence with selected individuals, funding sources, creditors, and financial institutions. We will request written representations from your attorneys as part of the engagement, and they may bill you for responding to this inquiry. At the conclusion of our audit, we will require certain written representations from you about your responsibilities for the financial statements; compliance with laws, regulations, contracts, and grant agreements; and otherresponsibilities required by generally accepted auditing standards.
Audit Procedures-Internal Control
Our audit will include obtaining an understanding of the government and its environment, including internal control, sufficient to assess the risks of material misstatement of the financial statements and to design the nature, timing, and extent of further audit procedures. Tests of controls may be performed to test the effectiveness of certain controls that we consider relevant to preventing and detecting errors and fraud that are material to the financial statements and to preventing and detecting misstatements resulting from illegal acts and other noncompliance matters thathave a direct and material effect on the financial statements. Our tests, if performed, will be less in scope than would be necessary to render an opinion on internal control and, accordingly, no opinion will be expressed in our report on internal control Issued pursuant to Government Auditing Standards.
An audit is not designed to provide assurance on internal control or to identify si�ificant deficiencies or material weaknesses. However, during the audit, we w ll communicate to management and those charged with governance internal control related matters that are required to be communicated under AICPA professional standards and Government Auditing Standards
Audit Procedures-Compliance
As part of obtaining reasonable assurance about whether the financial statements are free of material misstatement, we will perform tests of the District's compliance withthe provisions of applicable laws, regulations, contracts, agreements, and grants. However, the objective of our audit will not be to prov de an opinion on overall compliance and we will not express such an opinion in our report on compliance issued pursuant to Government Auditing Standards.
Engagement Administration, Fees, and Other
We understand that your employees will prepare all confirmations we request and will locate any documents selected by us for testing.
The audit documentation for this engagement is the property of Grau & Associates and constitutes confidential infonnation. However, subject to applicable laws and regulations, audit documentation and appropriate individuals will be made available upon request and in a timely manner to a cognizant or oversight agency or its designee, a federal agency providing direct or indirect funding, or the U.S. Government Accountability Office for purposes of a quality review of the audit, to resolve audit findings, or to carry out oversight responsibilities. We will notify you of any such request. If requested, access to such audit documentation will be provided under the supervision of Grau & Associates personnel. Furthermore, upon request, we may provide copies of selected audit documentation to the aforementioned parties. These parties may intend, or decide, to distribute the copies or information contained therein to others, including other governmentalagencies. Notwithstanding theforegoing, the parties acknowledge that various documents reviewed or produced during the conduct of the audit may be public records under Florida law. The District agrees to notify Grau & Associates of any public record request it receives that involves audit documentation.

Myakka Ranch Community Development District	4

Our fee for these services will not exceed $2,700 for the September 30, 2018 audtt. Thefeesfor fiscal year 2019 and 2020 will not exceed $2,800 and $2,900, respectively, unless there is a change in activity by the District which results in additional audit work or if Bonds are issued.

The audit documentation for this engagement will be retained for a minimum of ftve years after the report release date.  If we are aware that a federal awarding agency or auditee is contesting an audit finding. we will contact the party(ies) contesting the audit finding for guidance prior to destroying the audit documentation.
Our invoices forthese fees will be rendered each month as work progresses and are payable on presentation. Invoiceswill be submitted in sufficient detail to demonstrate compliance with the terms of this agreement. In accordance with our firm policies, work may be suspended if your account becomes 60 days or more overdue and may not be resumed until your account is paid in full. If we elect to terminate our services for nonpayment, our engagement wil be deemed to have been completed upon written notification of termination, even if we have not completed our report. You will be obligated to compensate us for all time expended and to reimburse us for all out-of-pocket costs through the date of termination. The above fee is based on anticipated cooperation from your personnel and the assumption that unexpected circumstances will not be encountered during the audit. If significant additional time is necessary, we will discuss it with you and arrive at a newfee estimate.
This agreement is automatically renewed each year thereafter subject to the mutual agreement by both parties to all terms and fees. The fee for each annual renewal will be agreed upon separately
We will provide you with a copy of our most recent external peer review report and any letter of comment. and any subsequent peer review reports and letters of comment received during the period of the contract. Our 2016 peer review report accompanies this letter.

---·

We appreciate the opportunity to be of service to Myakka Ranch Community Development District and believe this letter accurately summarizes the significant terms of our engagement. If you have any questions, please let us know. If you agree with the terms of our engagement as described in this letter, please sign the enclosed copy and return it to us.
Very truly yours. Grau & Associates
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Antonio J. Grau

RESPONSE:

un erstan,ding of Myakka Ranch Community Development District.

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for an accounting and auditing practice established by the AICPA and which was complied with during the year then ended to provide the firm with reasonable assurance ofconforming with professional standards.

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MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Fiscal Year 201 8 Audit

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT
SARASOTA COUNTY, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018

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MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY, FLORIDA

TABLE OF CONTENTS

INDEPENDENT AUDITOR'S REPORT MANAGEMENT'S DISCUSSION AND ANALYSIS BASIC FINANCIAL STATEMENTS
Government Wide Financial Statements: Statement of Net Position
Statement of Activities Fund Financial Statements:
Balance Sheet - Governmental Funds
Statement of Revenues. Expenditures and Changes in Fund Balances - Governmental Funds
Notes to the Financial Statements

REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - General Fund
Notes to Required Supplementary Information

INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10)
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

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10-15

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18-19

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Grau & Associates
CERTIFIED PUBLIC ACCO UNTANTS

951 Yamato Road • Suite 280 Boca Raton, Florida 33431 (561) 994-9299 • (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

INDEPENDENT AUDITOR'S REPORT
To the Board of Supervisors
Myakka Ranch Community Development District Sarasota County, Florida
Report on the Financial Statements

We have audited the accompanying financial statements of the governmental activities and the major fund of Myakka Ranch Community Development District, Sarasota County, Florida ("District") as of and for the fiscal yearended Septem ber 30, 2018, which collectively comprise the District's basicfinancial statements as listed in the table of contents.
Management's Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditor's Responsibility

Our responsibility is to express opinions on these financial statements based on ouraudit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected dependon the auditor's judgment, including theassessment of the risks of material m isstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimatesmadebymanagement, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Opinions

In ouropinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and the major fund, of the District as of September 30, 2018, and the respective changes in financial position thereof for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America.

Other Matters
Required Supplementary Information

•

Accounting principles generally accepted in the United States of America require that the management's discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. Wehave applied certain limited procedures to the required supplementary information in accordance w ith auditing standards generally accepted in the United States of America, which consisted of inquiries ofmanagement about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us w ith sufficient evidence to express an opinion or provide any assurance.
Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued our report dated April 4, 2019, on our consideration of the District's internal control over financial reporting and on ourtests of its compliance with certain provisions oflaws, regulations, contracts, grant agreements and other matters. The purpose of that report is to descr ibe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District's internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance w ith Government Auditing Standards in considering the District's internal control over financial reporting and compliance.
Report on Other Legal and Regulatory Requirements

We have also issued our report dated April 4, 2019, on our consideration of the District's com pliance with the requirements of Section 218.415, Florida Statutes, as required by Rule 10.556(10) of the Auditor General of the State of Florida. The purpose ofthat report isto provide an opinion based on ourexamination conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants.
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April 4, 2019

2

MANAGEMENT'S DISCUSSION AND ANALYSIS

The management of the Myakka Ranch Community Development District, Sarasota County, Florida ("District") wouldliketo offer the readers of the District's financial statements this discussion and analysis of the District's financial activities for the fiscal year ended September 30, 2018. Please read it in conjunction with the District's Independent Auditor's Report, basic financial statements, accompanyi ng notes and supplementary information to the basic financial statements.
FINANCIAL HIGHLIGHTS
The assets of the District exceeded liabilities at the close of the most recent fiscal year resulting in a net position balance of $340.
The change in the District's total net position in comparison with the prior fiscal year was $0. The key components of the District's net position and change in net position are reflected in the table in the government-wide financial analysis section.
At September 30, 2018, the District's governmental funds reported combinedending fund balances of
$340, which did not change from the prior fiscal year. The total fund balance is unassigned fund balance which is available for spending at the District's discretion.
OVERVIEW OF FINANCIAL STATEMENTS
This discussion and, analysis are intended to serve as the introduction to the District's basic financial statements. The District's basic financial statements are comprised of three components: 1) gover nment wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.
Government-Wide Financial Statements
The government-wide financial statements are designed to provide readers with a broad overview of the District's finances, in a manner similar to a private-sector business.
The statement of net position presents information on all the District's assets, deferred outflows of resources, liabilities, and deferred inflows of resources with the residual amount being reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.
The statement of activities presents information showing how the gover nment's net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows.  Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods.
The gover nment-wide financial statements include all governmental activities that are principally supported by Developer contributions. The District does not have any business-type activities. The governmentalactivities of the District include the general government (management) function.
Fund Financial Statements
A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The District has one fund category, the governmental funds.

3

OVERVIEW OF F INANCIAL STATEMENTS (Continued)
Governmental Funds
Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However , unlike the government-wide financial statements, governmental fund financial statements focus on near term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District's near term financing requirements.
Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare theinformation presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the District's near-term financing decisions. Both the governmental fund balance sheet and thegovernmental fund statement of revenues, expenditures, and changes in fund balance provide a reconciliation to facilitate this comparison between governmental funds and governmental act vities.
The District maintains one governmental funds for external reporting. Information is presented separatelyin the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund which is a major fund.
The District adopts an annual appropriated budget for its general fund. Abudgetary comparison schedulehas been provided for the general fund to demonstrate compliance with the budget.
Notes to the Financial Statements
The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.
GOVERNMENT-WIDE FINANCIAL ANALYSIS
As noted earlier, net position may serve over time as a useful indicator of an entity's financial position. In the case of the District, assets exceeded liabilities at the close of the most recent fiscal year.
Key components of the District's net position are reflected in the following table:

NET POSmON SEPTEMBER 30,
2018	2017
Assets	$	5,383   $	3,744
Total assets	5,383	3,744
Liabilities	5,043	3,404
Total liabilities	5,043	3,404 Net Position
Unrestricted	340	340
Total net position	$	340    $	340
The District's net position did not change during the mostrecent fiscal year.

4

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)
Key elements of the change in net position are reflected in the following table:

CHANGES IN NET POSITION
FOR TI-IE FISCAL YEAR ENDED SEPTEMBER 30,
	2018	2017	
Re-.enues:			
Program re-.enues			
Operating grants and contributions	$	24,107	$	58,498	
Capital grants and contributions		21,071	
Total re-.enues	24,107	79,569	
Expenses:			
General gowmment	24,107	80,152	
Total expenses	24.107	80,152	
Change in net position		(583)	
Net position - beginning	340	923	
Net position - ending	$	340	$	340	
As noted above and in the statement ofactivities, the cost ofall governmental activities during the fiscal year ended September 30, 2018 was $24,107. The costs ofthe District's activities were entirely funded by program revenues. Program revenues are comprised of Developer contributions.
GENERAL BUDGETING HIGHLIGHTS
An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended Septem ber 30, 2018.
CONTACTING THE DISTRICT'S FINANCIAL MANAGEMENT
This financial report is designed to provide property owners, custom ers, investors and creditors with a general overview ofthe District's finances and to demonstrate the District's accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Myakka Ranch Community Developm ent District's Finance Department at 12051 Corporate Boulevard. Orlando, Florida 32817.

5

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT SARASOTA  COUNTY,   FLORIDA STATEMENT OF NET POSITION
SEPTEMBER 30, 2018

ASSETS

Governmental Activities

5,043

Cash	$	340
Due from Developer
Total assets	5,383

LIABILITIES
Accounts payable	5,043 
Total liabilities

NET POSITION
Unrestricted	34 0
Total net position	$	340

See notes to the fin ancial statem ents

6

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY, F LORIDA
STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018

Functions/Programs

E�nses

Program Revenues Operating Grants and Contributions

Net (Expense) Revenue and Changes in Net Position

Governmental Activities

Primary go-.ernment: Gover nmental activities:		
General government	$	24,107	$	24,107	$		
Total go-.ernmental activities	24,107	24,107			
Change in net position Net position - beginning	
340	
Net position - ending	$	340	

See notes to the financial statements

7

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY, FLORIDA
BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2018

ASSETS
Cash
Due from Developer Total assets

LIABILITI ES AND FUND BALANCES

Accounts payable	$	5,043	$	5,043	
Total liabilities	5,043	5,043	
Fund balances: Unassigned	
340	
340	
Total fund balances	340	340	
Total liabilities and fund balances	$	5,383	$	5,383	

Liabilities:

Major Funds General

5,043

$	340

$	5,383

Total Governmental Funds

$	340
5,043
$	5,383

See notes to the financial statements

8

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY, FLORIDA
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018

REVENUES
Developer contributions Total revenues

EXPENDITURES

General government	24, 107	24, 107	
Total expenditures	24, 107	24, 107	

Current:

Major Funds		Total Governmental
General	Funds

$	24, 107	$	24,107
24, 107	24,107

Excess (deficiency) of revenues over (under) expenditures

Fund balances - beginning Fund balances - ending

340

$

340

See notes to the financial statements

9

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY, FLORIDA
NOTES TO FINANCIAL STATEMENTS

NOTE 1 - NATURE OF ORGANIZATION AND REPORTING ENTITY
Myakka Ranch Community Development District ("District") was created by Rule42kkk-1 on March 9, 2008 bythe Florida Land and Water Adjudicatory Commission and established pursuant to the Uniform Community Developm ent District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The Act provides among other things, the pow er to manage basicservices for community development, power to borrow moneyand issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.
The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District.
The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are presently elected on an at large basis bythe owners of the propertywithin the District. Ownership of land within the District entitles the owner to one vote per acre. The Board exercises all powers granted to the District pursuant to Chapter 190, Florida Statutes. At September 30, 2018, all ofthe Board mem bers are affiliated with Sunfield Homes, Inc. Sunfield Hom es, Inc. holds a mortgage on the property in the District owned by the Developer, Lakepark Estates, LLC.
The Board has the final responsibility for, among other things:
Assessing and levying assessments.
Approving budgets.
Exercising control over facilities and properties.
Controlling the use of funds generated by the District.
Approving the hiring and firing of key personnel.
Financing improvements.
The financial statements were prepared in accordancewith Governmental Accounting Standards Board ("GASB") Statements. Under the provisions of those standards, the financial reporting entity consists of the primary governm ent, organizations for which the District is considered to be financially accountable and other organizations for which the nature and significance of their relationshipwith the District aresuch that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be com ponent units of the District; therefore, the financial statements include onlythe operations of the District.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements
The basic financial statements include both government-w ide and fund financial statements.
The governm ent w ide financial statements (i.e., the statem ent of net position and the statement of activities) report information on all of the non-fiduciary activities of the primarygovernment. For themost part, the effect of interfund activity has been removed from these statements.
The statement of activities demonstrates the degree towhich the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment. Operating-type special assessments for maintenance and debt service are treated as charges for services and 2) grants and contributions that are restricted tomeeting the operational or capital requirements of a particular function or segment. Other items not included among program revenues are reported instead as general revenues.

10

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Measurement Focus, Basis of Accounting and Financial Statement Presentation
The governm ent-wide financial statements are reported using the economic resources measurementfocus and the accrual basis ofaccounting. Revenuesare recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Assessments are recognized as revenues in the year
for which they are levied. Grants and similar items are to be recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis ofaccounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers
revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting; however, debt service expenditures are recorded only when payment is due.
Assessments
Assessments are non-advalorem assessments levied on all assessable property within the District. Assessments are levied to pay for the operations and maintenance and debt service of the District. The fiscal year for which annual assessments are levied begins on October 1 and, if collected using the Uniform Method of Collection, with discounts available for paym ents through February 28 and become delinquent on April 1. Alternatively, the District adopts a resolution providing for the collection dates and directly collects the assessm ents.
Assessments and interest associated with the current fiscal period are considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. The portion of assessm ents receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period.
The District's operations for the fiscal year ended September 30, 2018 were funded by Developer contributions. The District reports the following major governmental fund:
General Fund
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund.

When both restricted and unrestricted resources are available for use, it is the District's policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed.
Assets, Liabilities and Net Position or Equity
Restricted Assets
These assets represent cash and investm ents set aside pursuant to Bond covenants or other contractual restrictions.

11

NOTE 2- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Assets, Liabilities and Net Position or Equity (Continued)
Deposits and Investments
The District's cash on hand and demand deposits are considered to be cash and cash equivalents.
The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section 218.415
(17) Florida Statutes. The District mayinvest anysurplus public funds in the following:
The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida lnterlocal Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationallyrecognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories ;
Direct obligations of the U.S. Treasury.
Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due. In addition, surplus funds may be deposited into certificates of deposit which are insured and any unspent Bond proceeds are required to be held in investments as specified in the Bond Indenture.
The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles.
Inventories and Prepaid Items
Inventories of governmental funds are recorded as expenditures when consumed rather than when purchased.
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.
Capital Assets
Capital assets which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess oftwo years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at estimated fair market value at the date of donation.
The costs ofnormal maintenance and repairs that do notaddto the value of the asset or materially extend asset lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are completed and placed in service.

Unearned Revenue
Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned.

12

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Assets, Liabilities and Net Position or Equity (Continued)

Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts, as well as issuance costs, are deferred and amortized ratably over the life of the Bonds. Bonds payable are reported net of applicable premium s or discounts. Bond issuance costs are expensed when incurred.
In the fund financial statements, governmental fund types recognize premiums and discounts, aswell as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums receivedon debt issuances are reported as other financing sourceswhile discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.
Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recogn ized as an outflow of resources (expense/expenditure) until then.
In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisit on of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.
Fund  Equity/Net Position
In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use fora specific purpose. Assignments of fund balance represent tentative management plans that are subject to change.
The District can establish limitations on the use of fund balance as follows:
Committed fund balance - Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed orlifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this catego ry.
Assigned fund balance -Includes spendable fund balance amounts that are intended to be used for specific purposesthat are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year's appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.
The District first uses comm itted fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes forwhich amounts in any of the unrestricted fund balance classificat ions could be used.
Net position is the difference between assets and deferred outflows of resources less liabilities and deferred inflows of resources. Net position in the government-wide financial statementsare categorized as net investment in capital assets, restricted or unrestricted.  Net investment in capital assets represents net position related to infrastructure and property, plantandequipment. Restricted net position representsthe assets restricted by the District's Bond covenants or other contractual restrictions. Unrestricted net position consists of the net position not meeting the definition of either of the other two components.

13 

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)
Other Disclosures
Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates.
NOTE 3 - BUDGETARY INFORMATION
The District is required to establish a budgetary system and an approved Annual Budget. Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund. All annual appropriations lapse at fiscal year end.
The District follows these procedures in establishing the budgetary data reflected in the financial statements.
Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
Public hearings are conducted to obtain public comments.
Prior to October 1, the budget is legally adopted by the District Board.
Subject to certain limited exceptions set forth in the District's annual appropriations resolution, all budget changes must be approved by the District Board.
The budgets are adopted on a basis consistent with generally accepted accounting principles.
Unused appropriation for annually budgeted funds lapse at the end of the year.
NOTE 4 - DEPOSITS
The District's cash balances were entirely covered by federal depositoryinsurance or bya collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, "Florida Security for Public Deposits Act", requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for eachmonth of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral {generally, U.S. Governmental and agency securities, state or local government debt, or corporate bor:ids) to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.
NOTE 5- PROPOSED PROJECT
The infrastructure intended to serve the District has been estimated at a total cost of approximately $16,900,000. The infrastructure will include potable water and wastewater system s, storm water drainage system improvements, offsite road improvements and utility extensions. Upon completion certain assetswill be conveyed to other entities for ownership and/or maintenance. No Bonds have been issued to finance the project as of the date of the report.
NOTE 6 - DEVELOPER TRANSACTIONS AND CONCENTRATION
All of the general fund revenues were from Developer contributions of which $5,043 is shown as due from Developer at September 30, 2018.
The District's activities are dependent on the continued involvement of the Developer, the loss of w hich could have a material adverse effect on the District's operations.

14

NOTE 7- MANAGEMENT COMPANY
The District has contracted with a management company to perform management advisory services, which include financial and accounting advisory services. Certain employees of the management company also serve as officers (Board appointed non voting positions) of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, and other administrative costs.
NOTE 8 - RISK MANAGEMENT
The District is exposed to various risks of loss related to torts; theft of, damage to. and destruction of assets; errors and omissions; and natural disasters. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. There were no settled claims during the past three years.

15

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY, FLORIDA
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE · BUDGET AND ACTUAL - GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2018

REVENUES

Budgeted
Amounts		Actual Origi nal & Final	Amounts

Variance \Nith Final Budget - Positive (Negative}

Developer contribution	$	35,550	$	24,107	$	(11,443)	
Total revenues	35,550	24,107	(11,443)	

EXPENDITURES
Current:
General government	35,550	24,107	11,443	
Total expenditures	35,550	24,107	11,443	

Excess {deficiency ) of revenues
over (under) expenditures	$	$
Fund balance - beginning	340
Fund balance - ending	$	340

See notes to required supplementary information

16 

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT SARASOTA COUNTY, FLORIDA
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget for the General Fund. The District's budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. The budget approximates a basis consistent with accounting principles generally accepted in the United States of America (generally accepted accounting principles).
The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must beapproved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year endedSeptember 30, 2018.

17 

Grau& Associates
CERTIFIED  PUBLIC ACCOUNTANTS

951 Yamato Road • Suite 280 Boca Raton, Florida 33431 (561) 994-9299 • (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCEWITH GOVERNMENT AUDITING STANDARDS

To the Board of Supervisors
Myakka Ranch Community Development District Sarasota County, Florida
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in GovernmentAuditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and the major fund of Myakka Ranch Community Development District, Sarasota County, Florida ("District") as of and for the fiscal year ended September 30, 2018, and the related notes to the financial statements , which collectively comprise the District's basic financial statements, and haveissued our opinionthereondated April 4, 2019.
Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District's internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financialstatements, but not for the purpose of expressing an opinion on the effectiveness of the District's internal control. Accordingly, we do not express an opinion on the effectiveness of the District's internal control.
A deficiencyin internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a com bination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the ent ty's financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District's financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreem ents, noncompliance with which could have a direct and material effect on the determination of financial statem ent amounts. However, providing an opinion on compliance with those provisions was not an objective of ouraudit, and accordingly, we do not express such an opinion. Theresults of our tests disclosed no instances of noncompliance or other matters that are required to be reported under GovernmentAuditing Standards.

18 

Purpose of this Report

The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results ofthat testing, and not to provide an opinion on the effectiveness of the entity's internal control or on compliance. This report is an integral part ofan audit performed in accordance with Government Auditing Standards in considering the entity's internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

1>,w• J-�
April 4, 2019

fJ

Grau & Associates
CERTIFIED PU BLIC ACCOU NTANTS

951 Yamato Road • Suite 280 Boca Raton, Florida  33431 (561) 994-9299 • (800) 299-4728
Fax (561) 994-5823
www. graucpa.com

INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.5 56(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA
To the Board of Supervisors
Myakka Ranch Community Development District Sarasota County, Florida
We have examined Myakka Ranch Community Development District, Sarasota County, Florida's {"District") compliance with the requirements of Section 21 8.415, Florida Statutes, in accordance with Rule10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2018. Management is responsible for District's compliance with those requirements. Our responsibility is to express an opinion on District's compliance based on our examination.
Our examination was conducted in accordance w ith attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District's compliance with specified requirements.
In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2018.
This report is intended solely for the information and use ofthe Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of Myakka Ranch Community Development District, Sarasota County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

April 4, 2019

20

fJ

Grau & Associates
CERTIFIED PUBLIC ACCOUNTANTS

951 Yamato Road • Suite 280 Boca Raton, Florida 33431 (561) 994-9299 • (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

MANAGEMENT LETTER PURSUANT TOTHE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA
To the Board of Supervisors
Myakka Ranch Community Development District Sarasota County, Florida
Report on the Financial Statements
We have audited the accompanying basic financial statements of Myakka Ranch Community Development District, Sarasota County, Florida ("District") as of and for the fiscal year ended September 30, 2018, and have issued our report thereon dated April 4, 201 9.
Auditor's Responsibility
We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicableto financial audits contained in GovernmentAuditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the Florida Auditor General.
Other Reporting Requirements
We have issued our Independent Auditor's Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Per formed in Accordance with Government Auditing Standards; and Independent Auditor's Report on an examination conducted in accordance with A/CPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 1 0.550, Rules of the Auditor General. Disclosures in those reports, which are dated April 4, 2019, should be considered in conjunction with this management letter.
Purpose of this Letter
The purpose of this letter is to com ment on those matters required by Chapter 10.550 of the Rules of the Auditor General for the State of Florida. Accordingly, in co nnection with our audit of the financial statements of the District, as described in the first paragraph, we report the following:
Current year findings and recommendations.
Status of prior year findings and recommendations.
Ill. Compliance with the Provisions ofthe Auditor General of the State of Florida.
Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, as applicable, management, and the Board of Supervisors of Myakka Ranch Community Development District, Sarasota County, Florida and is not intendedto be and should not be used by anyone other than these specified parties.
We wish to thank Myakka Ranch Community Development District, Sarasota County, Florida and the personnel associated with it, for the opportunity to be of service to them in this endeavor as well as future engagements, and the courtesies extended to us.

April 4, 2019

21

REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS
None
PRIOR YEAR FINDINGS AND RECOMMENDATIONS
None
Ill. COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA
Unless otherwise required to be reported in the auditor's report on compliance and internal controls, the management letter shall include, but not be limited to the following:

A statement as to whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report.

There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended Septem ber 30, 2017.
Any recommendations to improve the local governmental entity's financial management.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported forthe fiscal year ended September 30, 2018.
Noncompliance with provisions of contracts orgrant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but w hich warrants the attention of those charged with governance.

There we re no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2018.

The name or official title and legal authority of the District are disclosed in the notes to the financial statements.
The District has not met one or more of the financial emergency conditions described in Section 218.503(1 ), Florida Statutes.
We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2018. It is management's responsibility to monitor financial condition , and our financial condition assessment was based in part on representations made bymanagement and the review of financial information provided by same.

22

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Funding Request Nos. 119 - 129

MYAKKA            RANCH COM MUNITY DEVELOPMENT DISTRICT

Funding Request No. 119 7/24/2018

Attn: Steve Lawson (steve@windhamdevelopment.com) Item	Payee
No.
1	Fishkind & Associat�s, Inc.
OM Fees abd Reimbursables - 2018.07

Please make check payable to:
Myakka Ranch COD
12051 Corporate Blvd. Orlando, FL 32817

Invoice	General	FY
No.	Fund

23022	$909.74	FY18

TOTAL	$909.74

Chairperson

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Funding Request No. 120
8/23/2018

Attn: Steve Lawson (steve@windhamdevelopment.com) Item	Payee
No.
Fishkind & Associates, Inc.
OM Fees abd Reimbursables - 2018.08

Hopping Green & Sams
Legal services through 06.30.2018

Please make check payable to: Myakka Ranch COD
12051 Corporate Blvd. Orlando, FL 32817

Invoice	General	FY
No.	Fund

23194	$919.00	FY18 

101962	$878.00	FY18 

TOTAL	$1 ,797.00

Chairperson

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Funding Request No. 121
8/30/2018

Please make check payable to: Myakka Ranch COD
12051 Corporate Blvd. Orlando, FL 32817

Item No.

Attn: Steve Lawson (steve@windhamdevelopment.com)
Payee

Invoice	General	FY
No.	Fund

1	Supervisors Fees	FY18
Jennifer Orsi	07.10 2018	$200.00	
Michelle Orsi	07.10.2018	$200.00	
Deborah Orsi	07.10.2018	$200.00	
	
TOTAL	
$600.00	

Chairperson

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Funding Request No. 122	Please make check payable to: Myakka Ranch CDD
12051 Corporate Blvd. Orlando,

9/14/2018

FL 32817

Item No.

Attn: Steve Lawson (steve@windhamdevelopment.com)
Payee	Invoice
No.

General Fund

1	Egis Insurance Advisors, LLC
FY2019 Package Insurance Renewal	7586	$5,750.00

TOTAL	$5,750.00

Chairperson

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Funding Request No. 123
9/21/201 8

Attn: Steve Lawson (steve@windhamdevelopment.com)
Item	Payee
No.
Fishkind & Associates, Inc.
DM Fees and Reimbursables - 2018.09
Hopping Green & Sams
Legal services through 07.31.2018

Please make check payable to: Myakka Ranch COD
12051 Corporate Blvd. Orlando, FL 32817

Invoice	General	FY
No.	Fund

23370	$909.96	FY18 

102577	$820.50	FY18 

TOTAL	$1,730.46

Chairperson

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Funding Request No. 124
10/18/2018 

Attn: Steve Lawson (steve@windhamdevelopmenl.com) Item	Payee
No.
Business Observer

Please make check payable to: Myakka Ranch

cbo

120S1 Corporate Blvd. Orlando, FL 32817

Invoice	General	FY
No.	Fund

Legal Ad - 09.28.2018	18-02443S	$48. 13 	FY18	
LegaI Ad - 10.19and 10.26.2018	18-02689S	$188. 12 	FY19	

Fishkind & Associates, Inc.
OM Fees and Reimbursables - 2018.10 ADA Website Compliance Fees
Department of Economic Opportunity
FY2018-2019 Special District Fees

Hopping Green & Sams
Legal Services thru 08.31.2018

23556	$908.33	FY19
23522	$500.00	FY19

72722	$175.00	FY19

103162	$79. 50	FY18

TOTAL	$1 ,899.08

Chairperson

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Funding Request No. 125
11 /26/2018

Attn: Steve Lawson (steve@w indhamdevelopment.com)
Item	Payee
No.

Fishkind & Associates, Inc.
DM Fees and Reimbursables - 2018.11

Hopping Green & Sams
Legal Services thru 09.30.2018

Please make check payable to: Myakka Ranch COD
12051 Corporate Blvd. Orlando, FL 32817

Invoice	General	FY
No.	Fund

23732	$909.27	FY19

103745	$787.78	FY18

TOTAL	$1,697.05

Chairperson

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Funding Request No. 126
1/17/2019

Attn: Steve Lawson (steve@windhamdevelopment.com) Item	Payee
No.

Please make check payable to: Myakka Ranch CDD
12051 Corporate Blvd. Orlando, FL 32817

Invoice	General	FY
No.	Fund

1	Fishklnd & Associates, Inc.
OM Fees and Reimbursables - 2018.12	
23904	
$915.66	
FY19	
2	Hopping Green & Sams
Legal Services thru 10/31/18	

1 04295	

$1,457.00	

FY19	
3	Business Observer
Legal Ad - 11 .30.18	
1 8-03155S	
$48.13	
FY19	
		TOTAL	
$2,420.79		

�-.�on .(�

i-------

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Funding Request No. 127
1/31/2019

Attn. Steve Lawson (steve@w indhamdevelopment.com) Item	Payee
No.
Fishkind & Associates, Inc.
OM Fees and Reimbursables - 2019.01

Please make check payable to:
Myakka Ranch COD
12051 Corporate Blvd. Orlando, FL 32817

Invoice	General	FY
No.	Fund

24045	$908.80	FY19

Legal Services thru 11/30/18	104893	$217.00	FY19	
	
TOTAL	
$1,1 25.80		

Hopping Green & Sams

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

Funding Request No. 128
2/22/2019

Attn: Steve Lawson (steve@windhamdevelopment.com)
Item	Payee
No.

Please make check payable to: Myakka Ranch COD
12051 Corporate Blvd. Orlando, FL 32817

Invoice	General	FY
No.	Fund

1	Business Observer
Legal Ad - 02.01.2019 	
19-00286S	
$48.13	
2	
Fishkind & Associates, Inc.
OM Fees and Reimbursables - 2019.02	
24224	

$908.33	
3	Grau and Associates			
	Audit FYE 09/30/2018	17570	$1 ,000.00	
4	Hopping Green & Sams
Legal Services thru 12/31/18	
105405		
		
TOTAL	
$1,987.46	

FY19

T	--- �--	-----

MYAKKA                                RANCH C O M M U N I TY	DEVELOPMENT D I S T R I CT 

Funding Request 129
03/15/19

Payee	
Invoice #	General Fund FY19	
Fishkind & Assoc.
Jan. 2019: Reimb	
24382	
$6.00	
Grau & Associates
FY18 Audit Billing	
17727	
$1,700.00	
Hopping Green & Sams
Legal Svcs thru 01/31/19	
106150	
$291.00	
PFM Group Consulting LLC
Mar. 2019: Mgmt Fee & Reimb	
24457	
$908.33	
	
TOTAL	
$2,905.33	
	
CHECK AMOUNT REQUESTED	
$ 2,905.33	

Please make check payable to: Myakka Ranch CDD
12051 Corporate Blvd.
Orlando. FL 32817

r

MYAKKA RANCH COMMUNITY DEVELOPMENT DISTRICT

District's Financial Position

Revenues
Developer Contributions Total Revenues

Expenses
Management Distr ct Counsel Audit Telephone
Postage & Shipping Copies
Legal Advertising
Web Site Maintenance

Myakka Ranch CDD Statement of Activities As of 04/30/19

General Fund

$18,376.43
$18,376.43

$5,833.31 2,594 00
2,700.00
4.51
5.73
4.50
284.38
1,025.00

Dues, Licenses, and Fees General Insurance
Total Expenses

Other Revenues (Expenses) & Gains(Losses)
Total Other Revenues (Expenses) & Gains (Losses)

Change In Net Assets
Net Assets At Beginning Of Year Net Assets At End Of Year

175.00
5,750.00
$18,376.43

$0.00

$0.00

$340.32

$340.32

Myakka Ranch CDD Statement of Financial Position As of 04/30/19

General Fund

Current Assets
General Checking Account	$340.32	
Accounts Receivable • Due from Developer	9,945.71	
Total Current Assets	$1 0,286.03	

Total Assets

Liabilities and Net Assets

$10,286.03

Current Liabilities
Accounts Payable	
$9,945.71	
Total Current Liabilities	$9,945.71	
Total Liabilities	$9,945.71	

Net Assets
Net Assets, Unrestricted	

$1,251.97	
Net Assets, General Government	(911 .65)	
Total Net Assets	$340.32	

Total Liabilities and Net Assets	
$1 0,286.03	

Myakka  Ranch CDD
Budget to Actual
For the month ending 04/30/19

YTD Actual	YTD Budget

FY 2019
Adopted
YTD Variance	Budget

Revenues
Developer Contr butions	$1 8,376.43	$21 ,000.00	$(2,623.57)	$36,000.00	
Net Revenues	$18,376.43	$21,000.00	$(2,623.57)	$36,000.00	

5.73

General & Administrative Ex12enses
Supervisor Fees	$0.00	$1,1 66.67	$(1,166.67)	$2,000.00	
Management	5,833.31	5,833.33	(0.02)	10,000.00	
Engineering	0.00	2,916.67	(2,916.67)	5,000.00	
District Counsel	2,594.00	4,375.00	(1,781 .00)	7,500.00	
Audit	2,700.00	1,51 6.67	1,1 83.33	2,600.00	
Travel and Per Diem	0.00	145.83	(1 45.83)	250.00	
Telephone	4.51	58.33	(53.82)	100.00	
Postage & Shipping		87.50	(81.77)	150.00	
Copies	4.50	58.33	(53.83)	100.00	
Legal Advertising	284.38	291.67	(729)	500.00	
Miscellaneous	0.00	233.33	(233.33)	400.00	
Web Site Maintenance	1 ,025.00	525.00	500.00	900.00	
Dues, Licenses, and Fees	175.00	102.08	72.92	175.00	
General Insurance	5,750.00	3,689.58	2,060.42	6,325.00	
Total General & Administrative Expenses	$18,376.43	$21,000.00	$(2,623.57)	$36,000.00	

Total Expenses

Net Income (Loss)

$18,376.43	$21,000.00

$0.00	$0.00

$(2,623.57)	$36,000.00

$0.00	$0.00